European Airlines Face an Uneven Recovery. 3 Stocks to Buy—and 3 to Avoid—for 2021.

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In 2020, investors would only have secured a significant profit with a “wildly contrarian strategy,” say Citi analysts, adding that “few truly profited from...

European airline investors had a turbulent 2020 to say the least, as the coronavirus pandemic caused volatility throughout the year.

They said consensus expectations were for traffic to hit 80% of 2019’s capacity by next summer on short-haul, and 60% on long-haul. “We see the recovery being more elongated, truncated and jagged than expected,” they said, citing the views of a number of airlines and suppliers.

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