There has been a marked shift in the European airline industry's mood since a flurry of good news on the development of Covid-19 vaccines. Previously, there were only tentative hopes that spring 2021 would bring a degree of relief from what will be a bleak winter for Europe's operators. But the possibility that vaccines might begin to have a genuine impact on controlling the pandemic in Europe by the end of the first quarter of 2021 has changed the narrative.
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