Russia and UK have begun or about to begin vaccinating their population with the Sputnik V and Pfizer-BioNTech vaccines respectively. Both vaccines are 95% effective in the fight against Covid-19. With this news, most airlines stocks are up. SIA share price has shot up from a low of $3+ in the last few months to close today at $4.42!
There is now a glimmer of hope for the airline and tourism industries. Hopefully by early 2021, we can see a return to normality in most if not all of businesses that have been wrecked by the treacherous Covid-19.
We also hope the Tokyo summer Olympics will take effect after one year of postponement due to the pandemic.
Fortunately for SIA, many of its crew have not been retrenched and are now waiting to soar again!