The coronavirus COVID-19 pandemic struck the tourist industry most severely; the tourist industry, in its turn, pulled down airlines. Stocks of the world's largest airlines fell to a minimum costs and the companies started filing for bankruptcy. Passenger flow shrunk by over 80%; nowadays, airlines struggle to fill their airplanes with passengers and survive the crisis.
Tag: airlines
Today, I will reveal other aspects of risks in the sector of air transportation and give hints on how to make money on them; also, we already have the information about the income of airlines in the first quarter.
The coronavirus pandemic has made one of the hardest hits to the entire aviation industry. The stocks of many airlines have become cheaper by more than 70%. Any investor is now able to buy the stocks of any of those companies at the lowest price possible.