Since Covid-19 became pandemic, the world has been facing several and even unexpected crises. Economies have collapsed, and many major industries have been affected severely due to the restrictions. Traveling industry is a major one of them.Even the shares and profits of the largest aviation in the globe have declined drastically in the previous months. However, while some of the countries are successfully recovering from this pandemic, their officials are lifting up the restrictions. Travel ban from many countries has been released but with all the precautions. In the previous week, American Airlines noticed an impressive boost in their shares by almost 40 percent due to flight bookings for the month of July.
Not only American Airlines, but other airlines of the world are also jumping up back by several percents. However, the climb up of the aviation industry is not effective enough as the airline stocks are lagging way behind the cruising altitude. The industry has to go a long way to return back to the level where it stood before the pandemic.
Infographic by: Statista.com