The Qantas share price is gaining amid Singapore’s plans to open a travel bubble with Germany this week.
The post The Qantas (ASX:QAN) share price is having a great start to the week appeared first on The Motley Fool Australia. –
The Qantas Airways Limited (ASX: QAN) share price is starting the week on the right foot.
The airline’s shares are in the green today, despite not releasing any news.
Right now, the Qantas share price is $5.39, 0.84% higher than its previous close.
The gains come at the same time Singapore – one of the first stops Qantas is planning to make in coming months – is preparing to open a travel bubble with vaccinated Europeans.
Let’s take a look at the latest step towards potential global travel.
Singapore-Europe travel bubble to open
The Qantas share price is on the rise today amid reports that could bring a tear to many a traveller’s eye.
A travel bubble between Germany and Singapore is expected to open this week. It’s the first travel bubble in which vaccinated travellers could travel relatively freely between Singapore and Europe.
Singapore is also expected to open a bubble between it and Brunei this week. Though, Brunei has placed limits on tourism.
According to Bloomberg, Singapore and Hong Kong were previously planning to allow free travel between them. However, Hong Kong has since tightened its entry requirements.
The publication states the travel bubble between Germany and Singapore will be testing the risks of travelling between 2 highly vaccinated nations.
It might map out a blueprint for Qantas’ planned restart to international travel in December. The Qantas share price boosted 2% on the back of its plans to restart international flights.
According to Singapore Airlines Ltd., people looking to travel between Germany and Singapore must have had 2 shots of a COVID-19 vaccine.
Additionally, those travelling to Singapore must have been in Germany for the 21 days before their flight. They must also undergo one COVID-19 test 48 hours before take-off and another upon landing.
Travelling to Germany is simpler. Travellers to Germany need to be fully vaccinated and have avoided places where COVID-19 variants of concern exist.
Qantas share price snapshot
Today’s boost included, the Qantas share price has gained 11% since the start of 2021. It has also increased by 38% since this time last year.
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Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned.
The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.