Qantas A380 takes off on 21 August 2020 at the runway in Saxony, Dresden
Tino Plunert | picture alliance | Getty Images
SINGAPORE – Asia-Pacific airport shares were up on Tuesday after a spate of announcements greatly boosted the outlook for international air travel.
Shares in Australia’s Qantas Airways rose 3.14% on Tuesday, while Air New Zealand’s share rose 5.8%.
Shares rose when New Zealand Prime Minister Jacinda Ardern announced the ‘travel bubble’ between her country and Australia on 19 April.
Meanwhile, Singapore’s aviation regulator said the country would start accepting travelers using the International Air Transport Association’s (IATA) mobile travel pass for pre – departure checks from May. Shares of Singapore Airlines rose 0.54% on Tuesday afternoon.
“The confidence of an aviation leader like Singapore in IATA Travel Pass is very important,” IATA Director-General Willie Walsh said in a statement.
“Ongoing trials put us on the right track for IATA Travel Pass to be a critical tool for industry reboot by providing verified travel health evidence to governments. And travelers can be confident that their personal data is safe and under their own control. is, “Walsh said. .
Elsewhere, shares of Korean Air Lines rose 0.18%, while Japanese airlines’ shares lagged behind the wider region. Japan Airlines fell 2.44% while ANA Holdings fell 2.31%.
Local media reported that Covid-19 measures have been implemented almost in emergencies in several prefectures in Japan in an effort to halt the revival of infections.
The air travel industry was one of the sectors hardest hit by the coronavirus pandemic, as authorities tightened border restrictions worldwide to curb the spread of the virus.