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Airlines saw an immediate boost in passenger bookings following vaccine announcements

November 17, 2020

Via: Fortune

Good news on the vaccine front has had an immediate and tantalizing effect on the travel sector, suggesting many passengers are raring to get going again.

On Tuesday, the U.K.-based low-cost airline EasyJet issued results that were mostly gloomy—it posted its first annual loss, of $1.68 billion, in its quarter-century history. But it also pointed to a glimmer of hope.

When Pfizer and BioNTech announced their promising COVID-19 vaccine trial results last week Monday, said EasyJet CEO Johan Lundgren, the carrier’s bookings surged by 50%. According to Reuters, he added that the momentum continued this week Monday, when Moderna also announced a very high efficacy for its candidate vaccine.

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