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Turkish aviation shares rise on Germany considering travel guidelines: report


Shares in Turkey’s aviation sector rose on Thursday on hopes for the resumption of international flights after Germany said it would lift a travel warning against 26 European Union countries, Reuters reported.

Germany said it would decide later on other countries, including Turkey, and analysts saw the statement as a positive signal.

Turkey’s tourism and aviation sectors have suffered since the coronavirus outbreak began spreading across the globe. Germany is a main source of tourists for Turkey.

German Foreign Minister Heiko Maas on Wednesday said the travel warnings would be lifted on June 15, while a government source said the step would include non-EU states Britain, Iceland, Norway, Switzerland and Liechtenstein.

Turkish Airlines’ shares were up 2.84 percent at 0945 GMT after surging more than 7 percent earlier in the day, despite larger-than-expected losses in the first quarter.

TAV Airports shares were up 1.26 percent, after rising some 6.5 percent earlier. Shares in Pegasus Airlines were up 0.42 percent, after rising some 5.5 percent earlier.

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