DRTGF - Global airline sector expected to see slow recovery

Cowen forecasts a slow recovery for the European airline sector."We believe Europe is 4 to 6 months behind the Americas, and that although we saw a big increase in summer bookings when the UK’s Prime Minister indicated he will be reopening in mid-May, we believe those bookings are regional, with Spain, Greece and Italy seeing a great preponderance of those bookings. We are hopeful that the US – Europe market opens in the second half of the year and then sees renewed growth in 2022."The firm doesn't expect regular traffic between Asia and the U.S. until mid-2022 at the earliest.Cowen's global airline outlook:" We expect that in the medium term, vaccine passports may be the way forward for international travel. Long term, once enough of the population is vaccinated, we expect travel to return to more normal levels, although on some long haul, overnight flights, we may see more people

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Global airline sector expected to see slow recovery