European travel stocks surge after UK announces its end-to-lockdown plan
The town of Ermoupolis (also called Ermoupoli) is located on the Greek island of Syros.
LONDON — European travel stocks soared on Tuesday morning as customers rushed to make new bookings after the U.K. announced its four-step plan to end coronavirus restrictions.
Shares of Tui, the German travel group, rose almost 7% in early European trading hours. International Airlines Group, the owner of British Airways and Iberia, also soared more than 6% and shares of the German airline Lufthansa jumped more than 4%.
The sector has been heavily hit by coronavirus’ restrictions, with people advised not to travel abroad and having to contend with strict quarantine policies if they do.
However, on Monday afternoon, U.K. Prime Minister Boris Johnson unveiled his four-step plan to lift all…