Share prices in aviation and travel companies rose for a second consecutive day on Wednesday as speculation over the easing of entry restrictions for England was confirmed by the prime minister.
Boris Johnson confirmed that pre-departure tests would no longer be required from 4am on Friday during a Covid statement to the House of Commons yesterday afternoon.
In an additional boost for the sector, he also confirmed post-arrival self-isolation and PCR tests would be ditched, with a reversion to a requirement to show a negative lateral flow test taken within 48 hours.
Although no travel firms posted the sharp price rises seen on Tuesday, all reported positive days’ trading, with British Airways owner IAG posting a 1.45% increase to 160.82 after an 11% rise the previous day.
Other airlines also posted increases, with easyJet up 1.51% to 616.60 and Wizz Air up 0.34% to 4,716.00, while Jet2 rose 0.28% to 1,184.29.
Shares in online travel agency On the Beach increased 1.35% to 300.50, while cruise giant Carnival saw a nominal increase of 0.082% to 1,473.40.
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