Rabbits on listed airlines took off on Monday morning as the budget giant reported rising passenger numbers and an easing of travel restrictions in the UK.
Ryanair said it transported 10.6 million people last month – more than double the number reported for September 2020 – while competitor Wizz Air said it carried about 3 million passengers, a 91% increase.
The update came after the government changed several COVID list categories for countries to a “red list”, making travel simpler and affordable for many people.
Fully vaccinated people entering the UK from all “red list” countries will only need to complete a PCR test two days after their arrival in the UK.
Shares of Ryanair were up 2.6% in the morning, while shares of British Airways parent company IAG were up nearly 1%. Bank of America’s Sky Tracker also reported that international bookings are on the rise after the US announced the easing of travel restrictions, news IAG is likely to boost.
Hungary-based Wizz Air and EasyJet both saw shares rise in early trade and then back down to levels. Last month EasyJet rejected a takeover offer from Wizz, which is pursuing expansion into Western Europe.