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IAG leads travel sector share price rally

British Airways owner IAG led a rise in travel sector company share prices this morning.

The rally followed Monday’s announcement of the scrapping of testing for vaccinated international travellers to England from February 11 – a policy now matched by the devolved administrations across the UK.

However, the majority aviation and travel firm rises failed to return share prices to levels achieved earlier in the month when speculation over the easing of entry restrictions for England was confirmed by the prime minister, with the exception of Jet2.

IAG posted a 5.35% rise in early trading to 155.58, while Carnival Corporation rose 4.99% to 1,395.08, Tui 4.88% to 258 and OTA On the Beach 4.59% to 296.

Other risers included easyJet up 3.54% to 625 and Jet2 up 3.05% to 1,220.50.

The increase in Wizz Air shares was more subdued at 1.45% to 4,322.00 after the low cost carrier warned of deeper fourth quarter losses but cautious optimism about recovery by the summer.

 

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