America Airlines – Holidays are on hold, but airline shares could take off | Money
Travel companies enjoyed a much-needed boost just before Christmas when news of the coronavirus vaccines emerged but sentiment towards them has taken another dive and share prices have dropped.
Plans to ensure that travellers arriving in Britain spend ten days quarantining at airport hotels knocked airline and leisure shares this week. Share prices of travel companies fell as much as 10 per cent amid concerns that the stringent restrictions would make a big dent in holiday bookings.
Industry heavyweights had a particularly tricky time — International Consolidated Airlines Group, the owner of British Airways, dropped 9 per cent at one stage, the budget carrier Easyjet fell 10 per cent and Ryanair lost 6.4 per cent on Monday.
Airlines were not the only ones to feel
