Focus on 3 FTSE aviation stocks as the UK set to scrap isolation rules

Summary 

  • The UK government announced that fully vaccinated travellers would no longer need to self-isolate if arriving from US or EU
  • The new rules come into effect from 2 August at 4 PM GMT+1
  • The resumption of flights between New York and London will help rejuvenate one of the most important travel and business corridors.

Fully vaccinated travellers arriving from the United States or from the European Union will not be required to self-isolate after coming to the UK starting from next week, said the UK government.

The rule change comes into effect from 4 PM GMT+1 on 2 August. Prior to this change in quarantine rules, travellers arriving from amber listed countries were required to self-isolate for 10 days.

Under the new rules, while no quarantine is necessary, travellers will still be required to take a PCR test for detecting covid-19 before arrival and another test on Day 2 of arrival into the UK.

The resumption of flights between New York and London will help rejuvenate one of the most important travel and business corridors as restrictions ease out.

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Let us take a closer look at 3 FTSE listed aviation stocks:

  1. WIZZ AIR HOLDINGS PLC (LON: WIZZ)

Wizz Air announced its Q1 2022 results, reporting revenues jump of 119.2 per cent to EUR 199.0 million, from 90.8 million in Q1 2021, as demand slowly recovered following an easing of travel restrictions.

The company expects to operate at 100 per cent of its pre-pandemic capacity levels last seen in 2019, by July and August.

(Image Source: Refinitiv)

Low-cost airline Wizz Air’s shares were trading at GBX 4,954.00, down by 1.51 per cent on 29 July at 08:25 AM GMT+1. The airline pared its gains in today’s early session after rising almost 8 per cent on Wednesday soon after the news broke. Meanwhile, the FTSE 250 index, which it is a part of, was trading at 23,064.94, up by 0.25 per cent.

It’s market cap stood at £5.182 billion, and its annual returns were at 49.88 per cent as of 29 July.

  1. International Consolidated Airlines Group, S.A (LON: IAG)

British Airlines owner, International Consolidated Airlines is a multinational airline holding company. The airline group is scheduled to announce its interim results later this week, on 30 July.

(Image Source: Refinitiv)

IAG’s shares were trading at GBX 178.60, down by 1.94 per cent on 29 July at 08:17 AM GMT+1. The group’s shares pared gains in today’s morning trading session after rising almost 4 per cent on Wednesday. Meanwhile, the FTSE 100 index, which it is a part of, was trading at 7,044.83, up by 0.40 per cent.

It’s market cap stood at £9.024 billion, and its annual returns were at 40.01 per cent as of 29 July.

 

  1. Ryanair Holdings PLC (LON: RYA)

Low cost airline Ryanair announced its Q1 2022 results recently, reporting a loss of EUR273 million, compared to a loss of EUR 185 million in Q4 2021. The Q1 loss was due to travel in the Easter holiday period being cancelled.

However, the company stated that vaccination drives, and digital covid-19 certificates issued by the EU helped drive booking recovery ahead of the summer holidays this year.

(Image Source: Refinitiv)

Ryanair’s shares were trading at GBX 17.00, up by 0.12 per cent on 29 July at 08:12 AM GMT+1, extending Wednesday’s gains.

It’s market cap stood at £16.045 billion, and its annual returns were at 52.96 per cent as on 29 July.

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