British travel rule havoc hits airline stocks - News Summed Up

British travel rule havoc hits airline stocks


The UK travel industry has for months criticised the government's strict quarantine rules and last minute changes to country classifications which has resulted in a roller-coaster of booking surges followed by mass cancellations. Britain said on Friday that it was scrapping a planned easing of coronavirus rules for fully-vaccinated UK arrivals into England from France. The stocks have all lost around 20% of their value over the last three months as new variants and ongoing travel rules and restrictions have crushed hopes for a bumper summer. Britain's travel recovery lags that of other European countries. Figures released by Britain's busiest airport Heathrow showed passenger numbers in June were still nearly 90% down on pre-pandemic 2019 numbers.


Source: bd News24 July 19, 2021 11:15 UTC



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