Ryanair sees travel rebound threatened by European lockdowns

Ryanair Holdings Chief Executive Officer Michael O'Leary said steps aimed at containing spiraling coronavirus infection rates in Europe are putting the region's travel rebound at risk.

A Ryanair Holdings passenger aircraft taxis towards a gate at Budapest Ferenc Liszt International Airport in Budapest, Hungary. Foto: Bloomberg photo by Akos Stiller

Measures including a return to lockdown conditions in Austria mean airlines face a "fraught" period through Christmas as they wait to see whether a resurgence in demand will be strangled off, O'Leary said Tuesday in a webinar broadcast by Eurocontrol, criticizing the curbs as illogical.

Bookings for vacations next summer could also be affected, and there's a possibility that the U.S. will review the reopening of its borders, he said in the most downbeat take on prospects from an airline chief since lockdown worries began to weigh on airline stocks Friday...

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