The Qantas A380 takes off on the runway in Saxony, Dresden on August 21, 2020
Tino Plunert | image alliance | Getty Images
SINGAPORE – Shares of Asia-Pacific airlines were on the move in Tuesday’s trade, after a lot of announcements greatly boosted the outlook for international air travel.
Shares of Qantas Airways in Australia rose 2.55%, while Air New Zealand shares rose about 6%.
These actions increased as New Zealand Prime Minister Jacinda Ardern announced that the “travel bubble” between her country and Australia would begin on April 19.
Meanwhile, the Singapore Aviation Regulatory Authority said that as of May, the country will start accepting passengers using the International Air Transport Association’s (IATA) mobile travel permit for pre-departure checks. Shares of Singapore Airlines rose about 0.2% in Tuesday’s transactions.
“Having the confidence of an aviation leader like Singapore in the IATA Travel Pass is extremely significant,” IATA CEO Willie Walsh said in a statement.
“The ongoing trials have put us on the right track to make the IATA Travel Pass an essential tool for the resumption of the industry, providing verified credentials on the health of travel to governments. And travelers can have full confidence that their personal data is secure and under control. theirs, “Walsh said. .
Elsewhere, Korean Air Lines shares were fixed, while Japanese airlines’ stocks remained in the wider region. Japan Airlines fell 2.44%, while ANA Holdings fell 2.19%.
Local media reported that the quasi-emergency measures of Covid-19 have been implemented since Monday in several prefectures in Japan, in an effort to stop the recurrence of infections.
The air travel industry has been among the sectors most affected by the coronavirus pandemic, as authorities have tightened border restrictions globally to reduce the spread of the virus.