Coronovirus policies will create a rollercoaster effect


According to the Chief Executive Officer of low-cost carrier Wizz Air, a sudden change in coronovirus quarantine policies in Europe will lead to a “rollercoaster effect” and a macroeconomic recovery on airlines.

The UK government surprised many British tourists over the weekend by announcing a sudden change in its quarantine policy. Those arriving from England to England from Sunday will need to self-segregate for 14 days.

Britain argued that the recent increase in the number of Kovid-19 infections in Spain prompted the decision. The Spanish government condemned the change in policy, arguing that the country was safe for tourists despite some regional outbreaks.

Wizz Air CEO Joseph Vardi told CNBC’s “Squeak Box Europe” on Wednesday, “We are debating the recovery of the epidemic, is the ‘V’ shape or the ‘U’ shape … I think we should get the rollercoaster effect.” Should expect. “

“Spain will improve again but some other markets may come under scrutiny,” he said, adding that the airlines would simply face uncertainty.

Investors this week have expressed some concerns over the increasing number of Kovid-19 cases in various regions within Europe. Spain, Luxembourg, Romania and Bulgaria along with European countries are seeing a spike in some cases.

Britain’s Prime Minister Boris Johnson said this week that “among some of our European friends, I fear you are beginning to see the signs of a second wave of pandemics in some places”.

Britain ranks second behind Russia for the most reported coronovirus cases in Europe.

A sign indicating the beach at full capacity is Bogatel beach in Barcelona, ​​Spain.

Bloomberg

Catalonia’s President Quim Tora, one of the Spanish regions where infections have increased in recent times, told CNBC on Wednesday that the area is still safe for international visitors.

“The world is living in a very complex situation and in every country, there are clusters or outbreaks,” he told CNBC’s “Squawk Box Europe”.

“In Catalonia, there are only three outbreaks … The rest of Catalonia, Costa Brava, Costa Dorda, Catalonia’s interior, pyrenees, are free of viruses.”

Spanish authorities believe that young people have contributed to the scale of recent outbreaks.

In this context, the Catalonia region has forbidden gatherings of more than 10 people and banned drinking in public places.

Torra said they are appealing to young people “to be a lot more responsible now than in the first wave.”

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