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UK travel industry shares climb as hopes rise for green light on holidays abroad

Airlines and travel companies’ share prices rose on Tuesday after more signals from Britain and the EU that summer holidays abroad could go ahead.

EasyJet, Lufthansa and British Airways owner IAG all rose in value by 3%, while travel group Tui’s shares were up 4% in early afternoon trading. The moves followed a recommendation by the EU to loosen the rules on visitors from abroad who were either vaccinated or coming from low-risk countries.

The British government also confirmed that an announcement on summer travel was imminent, with the industry hoping to have the “green list” of destinations – where quarantine-free travel and return will be permitted – as early as this Friday, after local elections.

Under the UK’s roadmap out of lockdown, foreign travel could be permitted by 17 May, although many countries may be effectively off-limits for commercial holiday flights due to strict testing and quarantine requirements. Portugal and Malta could be among those on the green…

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