Airline outlook dims again as new travel curbs threaten summer

Recovery prospects for Europe’s coronavirus-stricken airlines are slipping from bad to worse, as a British minister warned on Tuesday against booking summer holidays and Germany mulled a drastic new clampdown on travel even within the EU.

UK consumers should “absolutely” hold off from booking holidays, said Nadhim Zahawi, the minister responsible for vaccinations. “There’s still 37,000 people in hospital with Cov at the moment – it’s far too early for us to even speculate about the summer.”

Airline shares, which had gained ground since November’s vaccine breakthroughs, have come under pressure this week amid concern that new coronavirus variants and resulting lockdowns now threaten the all-important summer season.