Beaten-down airline stocks celebrate easing of travel rules

British Airways owner IAG SA has been the star of the show in the last two weeks, soaring 21% after the White House said America would open up to vaccinated foreigners and the UK relaxed coronavirus testing requirements for fully jabbed arrivals.

NEW YORK: The easing of United States and United Kingdom’s travel restrictions is breathing new life into European airline stocks.

British Airways owner IAG SA has been the star of the show in the last two weeks, soaring 21% after the White House said America would open up to vaccinated foreigners and the UK relaxed coronavirus testing requirements for fully jabbed arrivals.