President Joe Biden on Monday claimed he doesn’t count on the U.S. to impose more travel restrictions to stem the unfold of the omicron Covid-19 variant, sending some airline shares greater.

Airline and aerospace stocks fell sharply on Friday immediately after many international locations described cases of the omicron variant and proven new vacation limits. The U.S. on Monday commenced to quickly bar people from South Africa, the place scientists very first noted the variant, and from Botswana, Zimbabwe, Namibia, Lesotho, Eswatini, Mozambique, and Malawi.

The degree of the variant’s distribute will identify irrespective of whether more vacation restrictions are required, Biden explained at a news conference on the variant.

“I never foresee that at this level,” he said. Biden also claimed he won’t assume lockdowns are vital.

The new procedures occur a few months just after the U.S. lifted rigid pandemic travel regulations that prohibited entry to foreign visitors from the U.K., Brazil, India, South Africa and virtually 30 other nations. Airline executives reported bookings surged after the administration established a date to lift the guidelines, which were being initial put in area early in the pandemic.

United Airlines and American Airways had been every up more than 1% in afternoon trading, getting following Biden’s remarks. Delta Air Strains was up .6%.

Discount carriers that really don’t have trans-Atlantic or other prolonged-haul intercontinental company rose even extra, with Spirit and Sunlight Place each and every up far more than 3%.