Aviation stock market surges again after Moderna vaccine success
On November 16, 2020, the second time in a month, the aviation industry experienced a surge in shares after the news on Moderna vaccine effectiveness broke.
American biotechnology company Moderna announced that their coronavirus vaccine trial was nearly 95% effective in preventing COVID-19 infection, making it the second vaccine in the United States to have such a high success rate. While the vaccine is still to be approved by the authorities, the second successful vaccine trial in a month indicates that it could potentially be made available by the end of 2020.
Following the news, aerospace giants’ Boeing shares rose up 4.1% and General Electric surged by 3.7%. Meanwhile, British Airways-owner IAG grew up by 12%, while EasyJet went up 8%, according to Market Watch.
The last significant surge in the aviation stock market was spotted when Pfizer together with BioNTech reported the news of their 90% effective vaccine trial on November 9, 2020.
American Airlines bullish on demand even after Delta variant hits Q3 recovery
American Airlines is confident about travel demand, even after the spread of the Delta variant pushed the airline into a...
Federal aid helps Southwest Airlines to post Q3 profit
Southwest Airlines reports a net income of $446 million in the third quarter of 2021....
Alaska Airlines regains profitability in Q3 2021
Alaska Airlines reported a net income of $187 million in the third quarter of 2021....