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Name | Symbol | Market | Type |
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International Consolidated Airlines Group SA (PK) | USOTC:ICAGY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
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0.06 | 0.79% | 7.65 | 7.46 | 7.80 | 7.70 | 7.48 | 7.48 | 20,994 | 19:00:00 |
By Benjamin Katz
LONDON -- The world's airlines are betting on vaccinations to restart international travel.
Two of Europe's biggest airlines, British Airways and budget carrier Ryanair Holdings PLC, have started allowing fliers to provide Covid-19 vaccination and test-result details alongside personal data, like passport numbers and visa information, during bookings. The airlines say the move will eventually help passengers show they have been inoculated when landing at destinations that have started to welcome vaccinated travelers.
Across the U.S., domestic travel is picking up amid stabilizing or falling Covid-19 cases and a relatively quick vaccination drive. That rebound isn't yet happening with international traffic, where a patchwork of travel bans, quarantine rules and testing requirements have stymied cross-border flights.
U.S. domestic carriers have increased scheduled capacity by more than 50% between September and March, according to aviation analytics firm Cirium. Global capacity across all international routes, meanwhile, has increased just a little over 7%.
British Airways, Ryanair and other airlines dependent on international travel are hoping to boost ticket sales by capitalizing on nascent optimism over vaccinations. Their move isn't quite the sort of vaccination passport that some governments and international agencies are exploring to help unlock pandemic-stricken economies. Countries have considered documents that would allow vaccinated residents to visit bars and restaurants, or go to the office or a sporting event.
The airlines' effort is more modest, aimed at making the storing and display of vaccination and test records easier for passengers who are considering visiting countries putting out the welcome mat for vaccinated travelers. The goal is to minimize fears of being refused entry at borders and limiting the time a passenger needs to spend at airport check-in.
British Airways is moving at a time when its home market is benefiting from one of the world's fastest vaccine rollouts. U.K. Prime Minister Boris Johnson last month laid out plans that could lead to the lifting of a monthslong ban on overseas travel in May. Airlines reported a surge in bookings after Mr. Johnson's briefing. TUI AG, the biggest tour operator in Europe, reported a 500% week-on-week surge in bookings for trips to Turkey, Greece and Spain.
Cyprus and Greece, which have intermittently closed their borders to most tourists, have said they plan sometime in May to welcome British visitors without restrictions if they can show proof of being fully vaccinated. In Iceland, the government is allowing any incoming vaccinated traveler to bypass Covid-19 health-screening protocols.
On Wednesday, the European Union said it was introducing a vaccination "passport" in both digital and paper form for EU citizens traveling within the bloc. The document will carry Covid-19 health-related data including vaccination and test histories. Governments along the Mediterranean have pushed for the measure to be in place in time to prevent a second lost summer season for their battered tourism industry.
China on Tuesday said it was easing travel restrictions for vaccinated foreigners. Chinese embassies in the U.S., Italy, India, the Philippines and other locations plan to offer "visa facilitation" to foreign applicants who can certify they have been vaccinated. Travelers are still subject to showing a negative Covid-19 test and to quarantine. And there is another catch: The only shots that qualify are ones made by China, and those are hard to find in much of the West.
As part of its plan to ease post-pandemic travel, British Airways -- the largest carrier within International Consolidated Airlines Group SA -- will allow passengers to upload evidence of inoculation and negative Covid-19 tests when they make a booking on its website. By that means, British Airways can verify the passenger's health documents are in order, much like airlines do for various visa requirements for travelers.
The first British Airways flights for which data can be submitted are those from London to India. India doesn't require vaccination for traveling, but does require proof of a negative Covid-19 test.
"We are preparing for the meaningful return to international travel in the coming months," British Airways Chief Executive Sean Doyle said. "This means doing everything we can to simplify the journey for our customers."
Ryanair, Europe's biggest airline by traffic, has developed a similar "travel wallet" tool on its website and mobile app. It said it is preparing for the release of pent-up demand in May and June once higher-risk populations in Europe have been vaccinated.
"Many Ryanair customers will be taking their first holiday in over a year, adhering to new travel guidelines," Dara Brady, Ryanair's head of marketing, said. The travel wallet will allow passengers to store all of their Covid-related documents "in one location with zero fuss or paperwork to worry about."
As vaccinations around the world accelerate, airlines are testing out other ways to help for passengers navigate different international Covid-19 health regimes. Carriers including Singapore Airlines Ltd., Emirates Airline and Qatar Airways have been working with the International Air Transport Association, an airline trade body, to test a so-called Travel Pass. The system, which includes a mobile app, aims to allow passengers to demonstrate Covid-19 vaccination and testing records, while also identifying testing and vaccination requirements for different locations and local testing centers accessible during travel. Ethiopian Airlines said Wednesday it was partnering with the African Union to try out a similar travel pass for intracontinental flights.
U.S. carriers also have been turning to new apps to help passengers keep track of various travel requirements and upload test results -- systems that could eventually be used for vaccine records. Delta Air Lines Inc. CEO Ed Bastian said in an interview with NBC News this week that he expects vaccine passports for international flights will be required for U.S. passengers, but suggested the measure wouldn't be required for domestic trips. United Airlines Holdings Inc. said it plans to start letting customers upload vaccination records beginning in early April for certain destinations.
Alison Sider in Chicago contributed to this article.
Write to Benjamin Katz at ben.katz@wsj.com
(END) Dow Jones Newswires
March 17, 2021 18:49 ET (22:49 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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