Boeing, travel stocks surge as investors shrug off omicron concerns

An American Airlines passenger jet approaches to land at LAX during the outbreak of the coronavirus disease (COVID-19) in Los Angeles, California, April 7, 2021. Mike Blake | Reuters Boeing, airlines and other travel stocks surged on Monday after health experts shared early signs that the omicron variant of Covid may be causing milder symptoms …

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Here are the new rules to enter the U.S. from abroad

Travelers wearing protective masks receive nasal swabs from nurses at a COVID-19 test site inside Terminal B at Los Angeles International Airport (LAX), on Sunday, Nov. 22, 2020. Bing Guan | Bloomberg | Getty Images The rules of international travel are changing — again. The emergence of the omicron variant of Covid-19 in southern Africa …

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Knee-jerk omicron shutdown shows lack of government coordination

The “knee-jerk” reaction from countries imposing border restrictions due to the new omicron Covid variant show that governments haven’t learned much about how to manage Covid-19 effectively, according to CAPA – Centre for Aviation. Multiple countries including the U.S., Canada, the U.K. and Singapore last week moved to restrict travel from southern Africa after the …

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Omicron clouds outlook for international travel that was just turning a corner

A passenger arrives at a terminal of Ronald Reagan Washington National Airport as countries react to the new coronavirus Omicron variant amid the coronavirus disease (COVID-19) pandemic, in Washington, U.S. November 30, 2021. REUTERS/Carlos Barria Carlos Barria | Reuters The spread of the Covid omicron variant across the world could further delay the travel industry’s …

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U.S. tightens travel testing requirements, mask mandates

US President Joe Biden speaks about the Covid-19 vaccine shots administered in the US in the Eisenhower Executive Office Building in Washington, DC, February 25, 2021. Saul Loeb | AFP | Getty Images The Biden administration is tightening travel rules to and within the U.S., requiring all in-bound international passengers to test for Covid within …

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Omicron setback is a buying opportunity for tourism stocks, investor says

The dip in travel stocks following the emergence of a new Covid-19 variant is a temporary “setback” that presents some attractive buying opportunities within the sector, according to investor SpringOwl Asset Management. Travel and tourism stocks were hammered after the World Health Organization classified omicron a “variant of concern.” Several countries also moved to reimpose …

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How much does it cost to charter a flight? New flyers share prices

Private air travel is prospering under the pandemic. In fact, interest is so high that many private jet companies have a different problem of their hands: keeping up with demand. Private aviation company VistaJet said new memberships for the first half of 2021 are up 53% compared to 2020, with Europe bringing in the greatest …

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Biden directs FDA, CDC to clear new vaccines if needed

President Joe Biden said Monday he is directing federal agencies to be prepared to move as quickly as possible to approve additional vaccines or boosters tailored to shield against the new omicron coronavirus variant. The current Covid vaccines are believed to provide at least some protection from the heavily mutated omicron strain, and booster shots …

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Biden says he doesn’t expect more travel restrictions or lockdowns as omicron Covid variant spreads

Travelers walk through Terminal A at Ronald Reagan Washington National Airport November 23, 2021 in Arlington, Virginia. Drew Angerer | Getty Images President Joe Biden on Monday said he doesn’t expect the U.S. to impose additional travel restrictions to stem the spread of the omicron Covid-19 variant, sending some airline stocks higher. Airline and aerospace …

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