Global Trends 2020

Warren Buffet drops airline stocks

The famous US investor Warren Buffet has sold his shares in America’s four largest airlines. Admitting a rare mistake, Buffet says that the reversal in fortunes for Delta, American, Southwest and United, brought about by Covid-19 is here for the long haul. Previously, his organisation held around ten per cent of shares in all four airlines.

Source: https://www.theguardian.com/world/2020/may/03/warren-buffett-dumps-us-airline-stocks-saying-world-has-changed-after-covid-19

Beyond bailouts, quarantine and empty hotels: what does coronavirus mean for travel?

As COVID-19 put a stop travelling and grounded planes, the travel and hospitality sector has been left wondering when – if at all – we will ever return to a world of cheap flights and global adventure.

Most UK offices stand empty

UK-based landlord Land Securities offered a glimpse of the impact of covid on office usage as it reported a £837m loss. Less than ten per cent of its office sites were in use and many of its tenants are now struggling to pay their rent.

Source: https://www.bbc.co.uk/news/business-52629786