No end in sight for European airline industry recaps

By Aidan Gregory
22 Apr 2021

With little end in sight to the worst crisis that the airline industry has faced since 9/11, Europe’s stricken carriers risk becoming like the continent’s banks after the financial crisis, when they went through round after round of equity capital raising to shore up their strained balance sheets.

Airline stocks around the world have rallied this year on the expectation of a gradual lifting of the travel restrictions imposed to contain the spread of Covid-19.

It may soon be easier for many European citizens to travel again as restrictions are lifted and the roll-out of Covid-19 vaccines ...

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