European travel stocks surge after UK announces its end-to-lockdown plan

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European travel stocks soared on Tuesday morning as customers rushed to make new bookings after the U.K. announced its plan to end coronavirus restrictions.

There is a huge desire to be out there and seeing the world and that pent up is going to come back, it is just a matter of time.Greece, Spain, Turkey and Portugal were among the top destinations in the new bookings.

Johan Lundgren, CEO of easyJet, said in a statement: "We have consistently seen that there is pent up demand for travel and this surge in bookings shows that this signal from the Government that it plans to reopen travel has been what UK consumers have been waiting for." Andrew Flintham, managing director of TUI UK and Ireland, said in an email that the announcement from the prime minister "was positive and shows that by working with the travel industry on a risk-based framework our customers will have the opportunity to travel abroad this summer."

The U.K. is lifting coronavirus' restrictions in four stages starting on March 8 with the reopening of schools, but the whole process will depend on how the epidemiological situation evolves.

 

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