European Airlines Have Hit Lowest Point: HSBC

FlightGlobal

European airlines can expect improving prospects towards the end of this year and next, bank HSBC has predicted, citing the progress being made on airport testing and vaccines. Describing this month as “the darkest moment” for the continent’s carriers, the bank highlights in a note to clients that October traffic was down 80% on last year “and looks likely to be notably worse in locked-down November." Yet from this nadir, it expects trading conditions to improve.

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