Following the huge rally last week sparked by vaccine announcements, is it a good time to buy airline stocks? Well this weekend saw the highest number of travellers for eight months and this will only improve. The sky’s the limit.
Today Pfizer has hit the headlines announcing their coronavirus vaccine with BioNTech giving hope to people across the world. The drug company Pfizer’s shares jumped 14% after the announcement of their vaccine, a true milestone in scientific history. The FTSE 100 followed suit, soaring by 5.5% immediately after the vaccine announcement, including shares in Informa soaring by 44% and International Airlines Group by 39%.