Pfizer’s vaccine announcement boosts shares of the airline industry

Pfizer’s vaccine announcement boosts shares of the airline industry

After the pharmaceutical company Pfizer announced that the initial effectiveness of its vaccine against COVID-19 was 90%, shares of various companies in the airline industry had a rise.

According to Seeking Alpha, Airbus shares increased in value by 21.5%, while Boeing shares grew 12.4% after the announcement of the medical laboratory.

In Mexico, Aeroméxico shares increased by 6.89%. At the international level, those of Delta rose 11.97%; those of American Airlines 16.38%; United Airlines 18.02%; Ryanair 13.61%; Lufthansa 19.88%; the International Group of Airlines (where British Airways and Iberia are located) 25.48% and Air France-KLM 27.48%.

Likewise, the shares of other companies related to the travel sector increased in value. Tripadvisor had an increase of 21.9%; Trivago of 25.4%; Booking of 16.5% and Expedia of 12.4%.

“Commercial aviation has suffered greatly from the coronavirus pandemic, but investors may finally be seeing a future where this is not a reality,” Seeking Alpha noted.

Source: A21

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