European Airline Shares Increase Following US Relaxation of Entry Ban

Governments and organizations as well as the US government’s recent decision to reopen their doors to all vaccinated travelers from the 26 Schengen Area countries as well as from the United Kingdom, Ireland, Brazil, India, South Africa and China have welcomed. Airlines.

The same has underlined that this is an essential step to help the economic sector recover from the damage caused by the coronavirus, TheSchengen.com reports.

More than a year ago, the authorities in the above-mentioned countries urged the US administration to put an end to presidential announcements regarding the suspension of entry for travelers from the above-mentioned regions. However, the US government did not take any concrete decision in this regard until September 20.

The White House’s coronavirus response coordinator, Jeffrey Zents, told reporters that he expects fully vaccinated travelers who wish to enter the United States from European countries will be allowed to do so from “early November.”

“International travel is critical to connecting families and friends, nurturing small and large businesses, and promoting the open exchange of ideas and culture. That’s why, with science and public health as our guide, we have developed a new international air travel system that enhances the safety of Americans here at home and enhances the safety of international air travel” Zentz noted in this regard.

Shortly after the US authorities announced such a decision, UK airlines reported an increase in share prices this week.

Shares of International Consolidated Airlines Group (IAG) surged 19 percent after the United States announced the lifting of entry bans on arrivals from several other countries.

Shares in Lufthansa and Air France-KLM posted a 7 percent increase, according to local reports.

As for the United States, it also recorded a noticeable increase in share prices in airlines such as Delta Airlines, American Airlines and United Airlines.

Regarding lifting the entry ban for travelers who have been vaccinated against the virus, Jeffrey Zents also told reporters: “We know that vaccines are effective, including against the delta variant, and vaccines are the best line of defense against Covid, so this vaccination requirement is using the best tool we have. In our arsenal to keep people safe and prevent the spread of the virus.”

Based on figures previously provided by the Commercial Industrial Airlines Group of America, international air travel recorded an overall decline of 43 percent compared to previous numbers for the pandemic.

Recently, TheSchengen.com reported that Germany’s largest airline, Lufthansa, announced that flight bookings had increased by 40 percent, shortly after the US government confirmed that it would remove entry bans on other countries, including those in the Schengen area.

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Source: schengenvisainfo.com

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