BA’s owner IAG saw its price drop 5.2%, easyJet 5.4%, TUI 4.9%, Wizz Air 2.1% and Carnival Cruises 1.4%.
“Airlines and tour operators had apparently refused to endorse the cataclysmic idea of another highly disrupted summer and had actively advertised in an increasingly inoculated UK,” said Russ Mold, managing director. of AJ Bell’s investments in Bloomberg. “The travel industry wakes up on Monday to a dose of reality. ”
BA and easyJet cancellations angered travelers, who took to Twitter to complain about the sudden abandonment of their flights.
BA does not remove routes but reduces flights on some of them, including Amsterdam, Germany, Italy and Sweden, by up to a quarter.
A BA spokesperson said anyone whose flight was canceled could get a refund, adding: ‘We are sorry that, like other airlines, due to the current coronavirus pandemic and restrictions on global travel, we applied a reduced and dynamic schedule. ”
Paul Charles, managing director of travel consultancy The PC Agency, said: “Airlines expected passengers to increase over the summer, so have added more flights. What they are doing now is starting to trim the hours because they expect demand to drop. ”
Boris Johnson’s travel task force to report on April 12 with plans for a ‘traffic light’ system in which travel to ‘red list’ countries would remain banned, ‘orange’ countries will require quarantine and “green list” destinations should require vaccination tests and / or certificates.
IAG anticipated demand at just 20% of 2019 levels for the first quarter, with flights unlikely to fully recover before 2023-24.