EU officials agreed on Wednesday to lift the ban on non-essential travel coming from outside the bloc, including from the UK.
The Commission is due to release a list of approved countries soon, Reuters reported.
Currently, each country makes their own rules, with Portugal, Italy and Greece having already dropped mandatory isolation for UK passengers.
However, most European countries are on Westminster’s ‘amber’ list, meaning that people returning to the UK have to present a negative COVID-19 test on arrival, quarantine for ten days and take additional tests on days 2 and 8 of isolation, which adds up to the normal costs of a holiday.
Prime Minister Boris Johnson said people should not travel to ‘amber’ countries for recreational purposes.
“I think it’s very important for people to grasp what an amber list country is: it is not somewhere where you should be going on holiday, let me be very clear about that,” he was reported as saying by the BBC.
“And if people do go to an amber list country, they absolutely have to for some pressing family or urgent business reason, then please bear in mind that you will have to self-isolate, you’ll have to take tests and do your passenger locator form and all the rest of it.”
The statement came after environment secretary George Eustice said Britons could travel to ‘amber’ countries as long as they quarantined on their return.
There have been reports that thousands of people went to France, Greece, Spain and the US after the ban on non-essential travel was lifted on Monday, with 150 departing on that day.
Meanwhile, analysts at Liberum upped their target price for Ryanair PLC (LON:RYA) to EUR17 from EUR16 after increasing revenue estimates for the year to March 2023 by 3% to EUR8.9bn.
However, they cut estimates for the year ending next March by 7% to 4.9bn due to international travel restrictions being lifted slowly.
“While there is undoubtedly pent-up demand for leisure and social travel, much of it is going unfulfilled for the time being. We continue to assume a rebound in capacity from the September quarter, in anticipation of the restrictions on international travel being relaxed to a much greater extent,” the broker commented.
In this scenario, capacity in the quarter would be at 75% of 2019 levels, surging to 90% in the six months to March 2022.
Shares in Ryanair were down 1% to EUR16.16 on Wednesday at noon.
–Adds EU decision update–