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Travel and transport stocks nosedive as countries ban flights from UK

By magenet 1 month ago
British Airways Boeing 787-8 Dreamliner passenger aircraft as seen on final approach flying, touching down, landing and taxiing in Amsterdam Schiphol AMS EHAM International airport in the Netherlands at Polderbaan runway. The wide-body modern and advanced airplane of BA has the registration G-ZBJG and is powered by 2x RR Rolls Royce jet engines. British Airways is the flag carrier of the United Kingdom UK connecting London Heathrow in England to the Dutch city Amsterdam. BAW Speedbird is owned by IAG International Airlines Group and is member of Oneworld aviation alliance. The world passenger traffic declined during the coronavirus covid-19 pandemic era with the industry struggling to survive. Amsterdam, Netherlands on November 18, 2020 (Photo by Nicolas Economou/NurPhoto via Getty Images)
A raft of countries have banned travel from the UK, with Germany, Italy, the Netherlands, Austria, Belgium and Israel, first announcing a travel ban on Sunday. The news knocked travel stocks on Monday. Photo: Nicolas Economou/NurPhoto via Getty Images

Travel, leisure and transport stocks were some of the biggest decliners in the market on Monday after a new variant of the coronavirus in the South East of England forced the UK government to introduce fresh lockdown measures.

British Airways owner IAG (IAG.L) slumped as much as 16% after the opening bell, with jet maker Rolls-Royce (RR.L) not far behind, down 14% in early trade.

Shares recovered slightly during the day but still ended firmly in the red. IAG and Rolls closed 8% and 3% lower, respectively.

EasyJet (EZJ.L) dropped 7% and Ryanair (RYA.L) lost 5%, while cruise-ship operator Carnival (CCL.L)

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All the countries UK holidaymakers can visit now without quarantine

By 3 months ago
Leipzig, Germany
Leipzig, Germany

The list of countries that Britons can travel to without having to quarantine for 14 days on return is sadly diminishing week by week.

And the announcements have continued despite national lockdown in place in England, Wales and Northern Ireland, meaning only those in Scotland can travel for leisure.

Germany and Sweden were the latest countries to be removed from the travel corridors list, which will be effective from 4am Saturday 7 November.

Denmark also made the no-go list in a last minute announcement that came into effect immediately after an outbreak of coronavirus in minks that could be transmitted to humans.

Last week it was Cyprus and Lithuania. It follows the removal of Liechtenstein from the travel corridors list two weeks ago, and Italy, San Marino and Vatican City three weeks ago.

Dozens of other destinations were scratched from the list in the preceding months.

All of

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The countries most reliant on tourists, and how they are coping post-lockdown

By 5 months ago
Croatia - istock
Croatia – istock

For the vast majority of human history, tourism didn’t exist. Only in the last half a century or so, since the rise of the middle class and since aviation has joined almost every dot on the map across the planet, has leisure travel become the industry giant it is today. 

More than 330 million jobs worldwide depend on it; contributing to about ten per cent of global GDP. In some countries, it is much more; the Carribean being the starkest example. 

In the island nation of Antigua & Barbuda, 91 per cent of employment was in the travel and tourism industry last year – the highest share in the world, according to the World Travel & Tourism Council (WTTC). 

Beyond the Caribbean, the Chinese casino enclave of Macau is next, with 66 per cent of jobs relying on tourism; followed by the Maldives (60 per cent) and

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All the countries UK holidaymakers can visit this summer

By 6 months ago
Alcudia beach, Majorca: istock
Alcudia beach, Majorca: istock

The government has announced a list of countries and territories where Britons will be able to go on holiday this summer without quarantining.

From 10 July, those travelling from 59 approved destinations into England, Wales and Northern Ireland and 57 countries into Scotland are exempt from the mandatory 14-day self-isolation period imposed on all inbound arrivals. (The lists are currently identical barring two omissions from the Scottish one: Spain and Serbia).

Alongside this, the Foreign Office (FCO) has published a separate list of destinations where it has now lifted its blanket advice against all non-essential international travel.

While the lists are not the same, there is an overlap of 46 countries for Scotland and 48 for the rest of the UK. For those looking to travel to one of the places where both elements of the “double lock” have been scrapped, there is another

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