Moody’s Investors Service has revised its outlook for the global airlines industry to positive from negative. The rating agency is confident that industry fundamentals will “materially improve over the next 12-18 months, notwithstanding the current record high daily infection rate in India; travel restrictions in countries with large amounts of traffic to and from India; and ongoing lockdowns in other countries”. “While the continuing pandemic means there is a risk of further disruption to air travel in various countries at various times, we expect increasing vaccinations will lower border restrictions and increase demand for air travel over the next 12

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