The US relaxes restrictions on travel from the EU and IAG shoots up 10% on the stock market

The United States will relax entry rules for travelers from the United Kingdom and the European Union who are vaccinated against Covid-19 from November, according to a report in the Financial Times. A measure that will stimulate a rebound in transatlantic travel, which has triggered the rise of European airlines on the stock market. IAG triggers plus 10%. The tourist services company Amadeus also rose strongly, around 4%, as did the airport manager Aena and Melia, which rose 2% and 1%, respectively.

The move marks a major easing of pandemic travel restrictions that President Joe Biden maintained as infections spread across the country this summer, fueled by the delta variant of the virus, even as U.S. vaccination levels continued to rise. increasing.

IAG1,860.27%
MELIA HOTELS INTERNATIONAL6.55-0.82%
AMADEUS59,140.00%
AENA SA143.40-0.24%

IAG, parent of British Airways and Iberia, has risen almost 12% after knowing the information, the highest rise in 10 months, while Air France-KLM adds up to 7% and Deutsche Lufthansa advances close to 8%. European airlines, in particular, are relying on flights from the United States to generate profits, having lost market share to low-cost carriers and high-speed trains on short-haul routes.

EE UU relaja las restricciones a los viajes desde la UE e IAG se dispara un 10% en Bolsa

Currently, the United States prohibits direct entry to people who are not citizens or permanent residents if they have been within the Schengen area of ​​Europe or the United Kingdom in the last 14 days, regardless of their vaccination status. The new measures will take effect from November and will be announced on Monday, the FT reported. The White House declined to comment on the report.

The rest of tourist values ​​that are listed on the Spanish Stock Exchange are also trading with increases. Amadeus adds more than 4%, while Aena and Meliá advance around 2%.