IAG accuses UK of delaying by 4 weeks to lift Covid restrictions

Airlines IAG, the parent company of Iberia and British Airways, these two had the worst value for caribou (-3.8%) Considering the UK may delay lifting restrictions due to Covid by four weeks As the number of cases of coronavirus infection increases in the country. Meliá is also among the few values ​​that have fallen today, although down moderately (-0.54%).

As reported by Bloomberg, the increase in the delta variant of Covid forced Boris Johnson and his team to Rethink your project to end social distancing rules on June 21. Instead, officials are now waiting for the prime minister’s announcement Delay of up to four weeks Most of the rules are relaxed when he makes his decision to the nation on Monday night.

An official told the agency that Restrictions may be eased at weddings and major sporting events To allow for larger public gatherings. The delay would be a blow to entertainment and hospitality companies, which have been shuttered or operating under strict controls during the pandemic.

“As a result, you can see a little softness in the pound today, along with Further weakness in hospitality and travel values, which actually started to decline at the end of last week due to the same concerns,” explained experts at CMC Markets.

“Negative news could once again delay the opening of British tourism which was expected sooner, though We hope that by the end of June, and the beginning of July, at least the islands (the Balearic and Canary Islands) will be included in the green list.‘,” they confirm from Banco Sabadell.

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add from the bank, Although this specific news is not goodYes, there will still be a certain improvement in tourists from that geography due to the exhaustion of the epidemic, the weather and the possibility of other diagnostic tests to return, apart from PCR, which is cheaper and less invasive, such as as antigens or saliva testing.

We recall that in the case of IAG, UK business accounts for 33% of all sales (globally). For Melia, at the EBIT level, 14%. For New Hampshire, the potential impact is residual, given the urban hotel business model.

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