European travel stocks jumped after Boris Johnson announced a four-step plan starting on March 8 to reopen the economy, including reviewing international leisure travel restrictions as soon as May 17. The prospect of the reopening will depend on the epidemiological situation.
Shares of the German airline Lufthansa rose more than 4% in early European trading hours.
Tui, the German travel group, rose as much as 7%. The travel and leisure sector has been suffering during the past year by coronavirus’ restrictions.