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Highlights
- The travel and tourism sector is yet again taking the brunt of the Omicron fear spreading globally with a new wave of travel restrictions.
- The burden of restrictions is disproportionately falling on the aviation sector, which has previously also been among the worst hit sectors during the pandemic.
- Investing in aviation stocks seems risky as of now with Omicron spreading rapidly across the globe.
The travel and tourism sector is yet again taking the brunt of the Omicron fear spreading globally with a new wave of travel restrictions. The UK, like other countries, is implementing strict preventive measures to safeguard itself from similar disruptions it has witnessed in the recent past.
However, the burden of restrictions is disproportionately falling on the aviation sector, which has previously also been among the worst hit sectors during the pandemic. The global tourism sector has suffered from a loss of US $2.0 trillion (1.78 trillion euros) last year due to the pandemic, as per UN World Tourism Organization’s latest report.
Major British airlines have recently called out the Government to provide the necessary economic support to the already debt-ridden sector instead of disproportionately imposing restrictions on them, such as testing of inbound travellers despite their vaccination status and pre-departure covid test.
Investing in aviation stocks seems risky as of now with Omicron spreading rapidly across the globe. Here are 5 UK aviation stocks which may be impacted negatively.
RELATED READ: Should you buy these 3 cheap stocks amid spread of Omicron?
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easyJet plc (LON: EZJ)
The market cap of the UK-based multinational low-cost airline group, easyJet plc, stood at £4,185.73 million as of 24 December 2021. The FTSE250-listed company has given a return of -32.24% to its shareholders in the last one year and its year-to-date return stands at -32.07% as of 16 December 2021.
easyJet plc’s shares were trading at GBX 563.80, up by 2.10%, at 12:30 PM (GMT) on 24 December 2021.
Wizz Air Holdings PLC (LON: WIZZ)
The market cap of the Switzerland-based airline company, Wizz Air Holdings PLC, stood at £4,448.47 million as of 24 December 2021. The FTSE250-listed company has given a return of -6.96% to its shareholders in the last one year and its year-to-date return stands at -5.94% as of 16 December 2021.
Wizz Air Holdings PLC’s shares were trading at GBX 4,291.00, down by 0.58%, at 12.30 PM (GMT) on 24 December 2021.
International Consolidated Airlines Group S.A. (LON:IAG)
The market cap of the Anglo-Spanish multinational airline holding company, International Consolidated Airlines Group S.A., stood at £7,142.13 million as of 24 December 2021. The FTSE100-listed company has given a return of -8.40% to its shareholders in the last one year and its year-to-date return stands at -9.53% as of 24 December 2021.
International Consolidated Airlines Group S.A.’s shares were trading at GBX 146.52, up by 1.71%, at 12:30 PM (GMT) on 24 December 2021.
RELATED READ: Should you hold your aviation and tourism stocks?
Jet2 PLC (LON: JET2)
The market cap of the UK-based multinational airline company, Jet2 PLC, stood at £2,252.43 million as of 24 December 2021. The constituent of the FTSE AIM UK 50 index has given a return of -25.10% to its shareholders in the last one year and its year-to-date return stands at -26.67%. Jet2 plc’s shares were trading at GBX 1,046.60, down by 0.33%, at 12:30 PM (GMT) on 24 December 2021.
Ryanair Holdings plc (LON: RYA)
The market cap of the Europe’s largest airline group, Ryanair Holdings plc, stood at £13,869.25 million as of 16 December 2021. The Irish ultra-low-cost carrier has given a return of -9.64% to its shareholders in the last one year and its year-to-date return stands at -13.79% as of 16 December 2021.
Ryanair Holdings plc’s shares were trading at EUR 15.70, up by 0.56%, at 12:30 PM (GMT) on 24 December 2021.
