Skip to content

Tui Share Price Gains Over 12% on Easing of Lockdown Measures in December

Nigel Firth
Nigel Frith trader
Updated 24 Nov 2020

Open Demo Account YOUR CAPITAL IS AT RISK. 68% OF RETAIL CFD ACCOUNTS LOSE MONEY
TUI logo building

Shares of Tui AG (LON: TUI) soared 12% today as investors hope that the upcoming easing of travel restrictions will result in high demand for international travel.

new-recommended-broker-banner

As Tui is currently not offering flights from England and Wales, its planes are flying from Scotland to the Canary Islands, which is a very popular holiday destination for the Brits.

As per the current regulation, travellers coming from the Canary Islands are not required to self-isolate upon their return. Tui said it hopes to resume flights to popular travel destinations soon, including Egypt, Greece and Turkey.

“TUI is likely to start flying to these places soon. We’re keeping a close eye on government guidelines and expect to be able to start flying to again soon. Holidays during the Covid-19 pandemic will be slightly different to what you’re used to. But, we’re doing everything we can,” it is said in the statement on the website.

Yesterday, PM Boris Johnson said that lockdowns are due to conditionally end on December 02.

“For the first time since this wretched virus began, we can see a route out of the pandemic,” he said in a speech to Parliament.

Tui share price gained on hopes of lockdown easing November 2020

Tui share price trades at 530.4p to be over 12% in the green today, with the high representing the highest price the stock printed in over 5 months.

PEOPLE WHO READ THIS ALSO VIEWED:

Nigel Firth
Nigel has been in the regulated financial services industry for nearly a decade, has previously owned a financial brokerage and has written many times for sites relating to personal finance and trading.