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UPDATE 2-UK PM says foreign travel curbs to stay until at least mid-May

Mon, 22nd Feb 2021 16:49

* Govt to publish review on travel by April 12

* PM says review gives time for summer holiday bookings

* Airlines counting on summer after months of restrictions
(Adds airline, airport reaction, analyst comment, share price)

By Sarah Young

LONDON, Feb 22 (Reuters) - The ban on non-essential
international travel to and from England will stay until at
least May 17, Prime Minister Boris Johnson said on Monday,
prolonging the pain for airlines, airports and holiday companies
hit by the pandemic travel slump.

But would-be holidaymakers will be given clarity on making
plans for the summer by April 12, when a review on how to
restart travel safely will be published.

"The government will determine when international travel
should resume, which will be no earlier than 17 May," it said.

Johnson told parliament that meant there was still time for
Britons to plan summer holidays.

"I believe that setting a deadline of April 12 for the
report ... will give people time to make their plans for summer
and if things go well ... then I do believe there is every
chance of an aviation recovery later this year," he said.

Airlines are counting on a summer recovery after close to a
year with minimal revenues due to travel restrictions. If they
cannot, analysts say most airlines will need to raise more funds
to survive after burning through their cash reserves.

Responding to the government's plans, easyJet
welcomed reassurances that travel would re-open, while British
Airways said it was pleased the government had
acknowledged it was critical to find a way to restart travel.

Shares in both companies closed up 7%, outperforming a 4%
rise in Europe's travel and leisure sector.

But aviation consultant John Strickland said the timeline
was negative for airlines, given certainty on travel was months
away at a time when bookings would usually be flooding in.

"We're already two months into the year so we've lost two
months already. On this news we're going to lose another two
months," he said.

"A number of airlines are already projecting that at least
the first half of summer is pretty well written off and
projecting at best there might be some resurgence of traffic in
the late summer."

The trade body for Britain's airports also said the May 17
date was a blow.

"As the worst-hit economic sector in 2020, this will ensure
we will also be the worst-hit sector of 2021," Airport Operators
Association Chief Executive Karen Dee said.

VARIANTS OF CONCERN

The April review will provide recommendations about when and
how full international travel should resume, while managing the
risks of new variants of coronavirus.

Much will depend on the spread of variants deemed "of
concern", as well as vaccine roll-outs at home and abroad.

Britain tightened its borders earlier in February,
introducing additional COVID-19 testing requirements and hotel
quarantines for arrivals from some countries over worries about
new variants that might be more resistant to current vaccines.

Unwinding restrictions could involve making greater use of
the test to release scheme, under which those arriving from
abroad pay for a test to shorten a 10-day quarantine.

The government is also looking at a system of allowing
vaccinated people to travel more freely abroad, it said.

But such a system would have to be fair and not unduly
disadvantage those who have not been vaccinated, it said,
warning it would take time to implement.

Britain is looking at providing a clear framework for
international travel standards with the World Health
Organization and other partners, the government added.
(Reporting by Sarah Young. Editing by Elizabeth Piper and Mark
Potter)

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12 Oct 2023 09:23

TOP NEWS: easyJet to resume dividend payments after "record summer"

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(Alliance News) - Luton Airport near London has reopened after a vehicle fire caused a car park to collapse, sparking disruption for tens of thousands of passengers.

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11 Oct 2023 13:02

Thursday preview: U.S. CPI, Easyjet in focus

(Sharecast News) - All eyes on Thursday will be on the release of the U.S. consumer price report for the month of September.

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UPDATE: Luton Airport car park fire leaves 25,000 passengers disrupted

(Alliance News) - Around 25,000 airline passengers are suffering disruption as Luton Airport near London remains closed because a vehicle fire caused a car park to collapse.

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LONDON MARKET CLOSE: FTSE 100 has best day since November 2022

(Alliance News) - Global equities bounced on Tuesday as risk appetite returned to the market, despite hostilities in the Middle East continuing, as dovish words from Federal Reserve officials restored investor confidence.

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9 Oct 2023 16:56

LONDON MARKET CLOSE: Stocks suffer amid Israel conflict

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9 Oct 2023 15:40

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UK earnings, trading statements calendar - next 7 days

Friday 6 October 
JD Wetherspoon PLCFull Year Results
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Sareum Holdings PLCFull Year Results
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1Spatial PLCHalf Year Results
EnSilica PLCFull Year Results
Reach PLCTrading Statement
Robert Walters PLCTrading Statement
ScS Group PLCFull Year Results
Target Healthcare REIT PLCFull Year Results
YouGov PLCFull Year Results
Wednesday 11 October 
discoverIE Group PLCTrading Statement
Eneraqua Technologies PLCFull Year Results
Jubilee Metals Group PLCFull Year Results
Marston's PLCTrading Statement
Netcall PLCFull Year Results
PageGroup PLCTrading Statement
QinetiQ Group PLCTrading Statement
Sanderson Design Group PLCHalf Year Results
Tharisa PLCTrading Statement
Thursday 12 October 
Atalaya Mining PLCTrading Statement
Brooks Macdonald Group PLCTrading Statement
Dechra Pharmaceuticals PLCFull Year Results
easyJet PLCTrading Statement
Hays PLCTrading Statement
Kenmare Resources PLCtrading Statement
N Brown Group PLCHalf Year Results
Norcros PLCTrading Statement
Treatt PLCTrading Statement
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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