US air reopening better late than ever a few times faster than usual
- On the other hand, since the UK is not the only one who has decided to open vaccinated foreign travelers by the U.S. borders is a long-term decision but if the European airlines are at least After a heavy newsstorm on Sunday, the Deutsche Lufthansa (LHAG.DE) suddenly has something positive to latch on to. The German carrier's shares jumped 6%. - The profits of British Airways, Inc. and International Consolidated Airlines (IAG) (ICAG) soared by 10 percent. Thats a relief to the Chief Executive Luis Gallego, who at the weekend promised he wouldn't need to raise new capital.
With the US skies opening up from November, the transatlantic recovery should get faster. In spite of the fact that European countries admitted vaccinated US tourists over the summer, about 60% of transatlantic traffic starts on the eastern side of pond. The executives prefer Zoom for all but the most high-level appointments. IAG stock still drops 60% from pre-Covid levels, suggesting a return to normal is still far off. (By Ed Cropley)
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