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Bloomberg

Flight bookings grow after British plan to resume travel

(Bloomberg) – U.K. tourists reappeared in droves, filling airlines with reservations for the summer after Prime Minister Boris Johnson outlined a plan to resume air travel in the country. EasyJet Plc more than quadrupled in the hours after Johnson said Monday that international travel could resume on May 17. Tour operator TUI AG said vacation bookings in Spain, Turkey and Greece rose six-fold overnight, while Ryanair Holdings Plc named Italy as another popular destination. Airline stocks advanced for a second day as sales rose. evidence of growing customer demand for the crucial summer season. While travel could resume as early as late May or June, travelers are securing their tickets. The increase was observed mainly for July and August. Price comparison site Skyscanner said flight bookings were up 69% on Monday compared to the day before. “We see this latest news translate into an increase in travel demand,” said Hugh Aikten, vice president of flights. from Skyscanner. Lastly, he noted, more measures will be needed to truly enable unimpeded demand, “such as greater global alignment to common international standards to allow people to plan.” Airline stocks rose across the board Tuesday, to add to Monday’s advances in response to Johnson’s plan to gradually reopen the economy. Among the companies that made the most progress are EasyJet, TUI, Jet2 Plc, and Ryanair and IAG SA, which owns British Airways. Hotels could reopen on May 17, a month after the camping facilities and self-catering accommodations Flight bookings from the UK jumped 337% in just a few hours, EasyJet reported Monday night. Vacation package sales soared 630%, the low-cost carrier said. While UK ticket sales validate optimism for customer demand, the outlook for early summer travel remains unclear. Original Note: Airline Bookings Surge on Johnson’s Plan to Reopen Travel (2) For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source. © 2021 Bloomberg LP

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