The window to find cheap fares in Europe is closing.
The Biden administration said on Monday that the United States would begin allowing vaccinated foreigners from 33 countries, including Britain, China and EU countries, in November, easing the initial pandemic rules.
There is great news for airlines desperate to increase their revenues after a historic drop in demand for the most popular routes before the COVID-19 pandemic. Many EU countries have been welcoming American tourists for months since vaccination became widely available, but the United States has not reciprocated.
“In the past, restrictions have been relaxed, travel bookings have increased and we expect a similar response here,” wrote Conor Cunningham, executive director of MKM Partners, in a research note to investors.
Dealers keen to take advantage of relatively inexpensive flights may be out of luck as the demand for transatlantic travel increases.
Rate-tracking company Hopper said round-trip flights from the United States to Europe, including the United Kingdom, would cost around $ 565, a rate it had not seen in nearly five years. years of data collection.
Fares have fallen 15% since August 30, when the European Union recommended that its member states restore travel restrictions to the United States. However, the warning was not binding and American travelers were still traveling to many countries. If they meet requirements such as proof of COVID-19 vaccination or a recent negative COVID test, if not a combination of the two.
Hopper economist Adit Damodaran said he expects restrictions on air travel from Europe to the United States to increase and more passengers from the United States to Europe will find that the EU opinion was “sweet advice”.
Airlines did not immediately say whether they would add flights under relaxed U.S. travel rules, but the carrier has exploded with additional services to destinations such as Iceland, Croatia and Greece when those countries have allowed US visitors earlier this year. begin.