AUS
NZ
UK
CA
USA
IND
.jpg)
_05_16_2023_17_11_27_393572.jpg)
Highlights
- As per Iata, the worst phase of Covid crises is over for the airline industry.
- The trade body calls for less border restrictions and less complex travel rules to help the sector’s recovery.
Aviation is one the worst affected industries due to the Covid-19 pandemic and subsequent lockdowns and travel restrictions. But according to the International Air Transport Association (Iata), the worst phase for the airline industry due to the pandemic is now over due to various reasons. However, the trade body has requested the UK Government to make the travel rules less complex along with lifting border restrictions to support the quick recovery of the aviation sector amid the endemic phase of the virus.
The Iata forecasts show that in 2022, the total losses in the industry are anticipated to fall to US $11.6 billion (£8.5 billion). This means that the Covid-19 pandemic is responsible for a cumulative loss of around US $200 billion in the last three years.
Willie Walsh, the director general of Iata, said that the deepest point of the crisis is past and the industry is on the path of recovery though many critical issues are still there. He added that harmonisation of travel restrictions is the way forward.
ALSO READ: US to end travel ban: 5 LSE aviation stocks to buy now
Let’s take a look at some of the UK aviation stocks that may be impacted by this news.
Wizz Air Holdings PLC (LON: WIZZ)
Switzerland-based airline company Wizz Air Holdings PLC’s current market capitalisation stands at £5,275.71 million, and it has given a return of 61.62% in 1 year. Its YTD returns stand at 12.18%. The previous close price of Wizz Air Holdings PLC’s shares was GBX 5,120.00 as on 4 October 2021.
easyJet plc (LON: EZJ)
easyJet plc’s current market capitalisation stands at £5,298.49 million, and it has given a return of 42.74% in 1 year. Its YTD returns stand at -15.78%. The previous close price of easyJet plc’s shares was GBX 699.00 as on 4 October 2021.
ALSO READ: Top 5 aviation shares to buy as airlines seek lifting of travel curbs
International Consolidated Airlines Group S.A. (LON: IAG)
London-headquartered International Consolidated Airlines Group S.A. is an Anglo-Spanish multinational airline holding company. Its current market capitalisation stands at £9,321.69 million, and it has given a significant return of 105.40% in 1 year. Its YTD returns stand at 17.58%. The previous close price of International Consolidated Airlines Group S.A.’s shares was GBX 187.90 as on 4 October 2021.
Jet2 PLC (LON: JET2)
UK-based multinational airline company Jet2 PLC provides licensed packages for leisure flights and is listed on the Alternative Investment Market of LSE. Its current market capitalisation stands at £2,769.66 million, and it has given a return of 85.42% in 1 year. Its YTD returns stand at -9.76%. The previous close price of Jet2 PLC’s shares was GBX 1,290.50 as on 4 October 2021.
Ryanair Holdings plc (LON: RYA)
Ryanair Holdings plc is an Irish ultra low-cost carrier and the parent company of Buzz, Lauda and Malta Air. Its current market capitalisation stands at £16,963.69 million, and it has given a return of 54.64% in 1 year. Its YTD returns stand at 6.83%. The previous close price of Ryanair Holdings plc’s shares was GBX 17.59 as on 4 October 2021.
ALSO READ: 5 must buy high-flying FTSE aviation stocks
