The United States plans to loosen restrictions for international visitors who are vaccinated against Covid-19, the White House reported today. The new rules will apply to citizens from the European Union, Great Britain, China and Brazil. Travelers who wish to visit the US will need to show proof of full vaccination and have a negative test within 72 hours of travel. The changes are expected to enter into force in November. The decision had been awaited for a long time. Despite the fact that the EU and the UK eased travel restrictions some time ago, US authorities decided to maintain the existing restrictions.
Airline shares gained right after the announcement. One such company is American Airlines (AAL.US) shares rose by around 2% at one point. Some of the gains have already been erased, but the company's stock continues to move despite the broad market sell-off. The US decision may affect numerous companies from the travel industry - in addition to airlines, these may also include restaurant chains and hotels.
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile app
American Airlines (AAL.US) has recently bounced off the $ 18.30 level which could act as important support due to previous price reactions. On the other hand, the 50-day moving average (green line) limited the upward movement from the beginning of June. The share price fell by more than 20% from the June highs, but in recent days the market stopped its downward movement and started to consolidate. Source: xStation5
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
