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Jet2 raises $582 million to ride out pandemic travel slump
Published 2 months ago
LONDON (Reuters) – British holiday company Jet2 has raised 422 million pounds ($581.6 million) through a new share issue to help it ride out the COVID-19 pandemic.
With almost a year of travel restrictions having taken a heavy toll, airlines and travel companies were plunged deeper into crisis on Tuesday when Britain tightened its rules.
Holidays are already banned under lockdown, but now travellers into the UK must have three COVID-19 tests – one before departure and two in the days after arrival.
Desperate for travel to have restarted by this summer, the industry has said the government must urgently set out how it will lift restrictions.