Global outlook:
Is this the nadir? — October 2020

In the course of producing this article the British government reversed its Covid policy, imposed a lockdown and in effect suspended air services to/from the UK for at least a month, resulting in unremitting gloom. Then came news of a break-through in a Covid-19 vaccine and the prospect of it being fairly quickly available, resulting in a burst of euphoria.

Airline share prices have perked up, at least confirming that there is still investor belief in the industry’s ability to stage a recovery. And Zoom shares, which had been soaring, dropped off sharply, which might also be a source of comfort to airlines.