LONDON, May 26 (Reuters) - European travel stocks soared on
Tuesday amid reports Spain and Germany would ease travel
restrictions, and no noticeable increase in infections were
reported during the reopening of businesses after a two-month
lockdown.
Cineworld, Tui, British Airways-owner IAG
, easyJet and Whitbread shares jumped
15% to 30%, driving London stock indices sharply higher.
The German government wants to end a travel warning for
tourist trips to 31 European countries from June 15 if the
coronavirus situation allows, the dpa new agency reported,
according to the magazine Focus. Spain urged foreign
holiday-makers to return from July.
After a long holiday weekend, London-listed stocks were
playing catch-up with continental European stocks which soared
on Monday. The travel and leisure stocks sub-index jumped to its
highest levels since April 30.
(Reporting by Thyagaraju Adinarayan, editing by Larry King)