Airline stocks react positively to the news
Updates to international travel rules are expected to be announced by the UK government later on Friday.
It has been reported that ministers are considering getting ride of the necessity for those who have received two jobs take PCR tests when they return home.
There are also rumours that the amber list will be removed as the traffic light system looks set to be simplified.
Dozens of countries could be removed from the red list, meaning international travellers returning from those destinations will no longer have to quarantine for 11 nights.
As of now, there are over 60 countries on the red list.
Travellers who have not been fully vaccinated are currently required to quarantine upon returning from an amber list county to the UK.
However, by removing amber as a category, only passengers returning from countries on the red list would need to quarantine in a hotel approved by the government.
“Navigating the UK’s traffic light system has felt more like Spaghetti Junction than a clear open road for holidaymakers and reports that the amber list could be canned entirely is manna from heaven for travel stocks which are enjoying broad-based gains,” said Russ Mould, investment director at AJ Bell.
The IAG share price is leading the way on the FTSE 100 on Friday, having added 4.29% at the time of writing.