5/26/2020, 4:58 PM (Source: TeleTrader)
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Airlines stocks skyrocket as travel slowly resumes

Stocks of major airlines worldwide surged on Tuesday as countries started lifting air travel restrictions, allowing the airlines to slowly begin resuming flights. Yesterday, Germany approved the €9 billion relief package for Deutsche Lufthansa AG to help the company overcome the coronavirus crisis.

On London Stock Exchange, IAG's shares soared 19.23% to sell for £2.27 per share at 4:33 pm CET and EasyJet's stocks concurrently jumped by 16.51% to go for £6.52 a share.

Meanwhile in the United States, United Airlines rose 13.25% as it's stocks traded for $28.74 per share at 4:53 pm CET and Southwest Airlines increased by 10.14% at the same time to go for $31.74 a share.

Breaking the News / ND