Aer Lingus-owner star of show as airline shares climb with Covid travel easing         

European airlines remain about 25% below pre-pandemic levels,

The easing of US travel restrictions is breathing new life into European airline stocks.

IAG, which owns Aer Lingus, British Airways and Iberia, has been the star of the show in the last two weeks, soaring 21% after the White House said the US would open up to vaccinated foreigners and European countries relaxed coronavirus testing requirements for fully jabbed arrivals. Air France-KLM and Lufthansa have also rallied strongly, as has Ryanair.