Qantas A380 will take off from the runway in Saxony, Dresden on August 21, 2020

Tino Plunert | Image Alliance | Getty Images

SINGAPORE – Asia Pacific airline stocks traded Tuesday after numerous announcements significantly improved the outlook for international air travel.

Stocks of australia Qantas Airways rose 2.55% during Air New Zealand Share rose 6%.

Those stocks rose when New Zealand Prime Minister Jacinda Ardern announced that the “travel bubble” between her country and Australia would begin on April 19th.

Meanwhile, the Singapore Aviation Authority announced that the country will begin accepting travelers using the country from May International Air Transport Association (IATA) mobile passport for pre-departure checks. Shares of Singapore Airlines rose 0.2% on Tuesday.

“The trust of a leading airline such as Singapore in the IATA Travel Pass is extremely important,” said Willie Walsh, IATA general manager, in a statement.

“With ongoing testing, we are on track to see that the IATA Travel Pass is a critical tool in restarting the industry by providing governments with verified travel health information. And travelers can have full confidence that their personal information is secure and be under their own control, “said Walsh.

Elsewhere, Korean Air Lines stocks were flat, while Japanese airline stocks lagged the broader region. Japan Airlines meanwhile fell by 2.44% ANA Holdings fell 2.19%.

Local media reported about it quasi emergency Covid-19 measures were implemented as of Monday in several prefectures in Japan to contain a resurgence of infections.

The aviation industry is among the sectors hardest hit by the coronavirus pandemic as authorities tightened border restrictions around the world to contain the spread of the virus.