David Fickling, Columnist

Airlines Are Making Money Selling Everything But Tickets

With travel curbed, carriers are turning to paper and planes to bring in cash.

November 13, 2020 at 7:00 PM EST

David Fickling is a Bloomberg Opinion columnist covering climate change and energy. Previously, he worked for Bloomberg News, the Wall Street Journal and the Financial Times.

Paper planes.
Photographer: Nicky Loh/Bloomberg

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With hopes that their season in hell could be approaching an end, airline stocks are on a tear.

Shares in Singapore Airlines Ltd. jumped the most in 21 years Tuesday while those in Cathay Pacific Airways Ltd. were up the most since 2008 after Singapore and Hong Kong announced the opening of a travel bubble starting Nov. 22. News of successful trials of a Pfizer Inc. and BioNTech SE coronavirus vaccine pushed the Bloomberg World Airlines Index up 9.7% Monday in anticipation of an ebbing tide of pandemic.

Before it’s here, it’s on the Bloomberg Terminal

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