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And that really highlights sentiment at the minute, despite sales in line with revised guidance in the last update, a substantial profit downgrade in December means confidence is still low.
Commentary so far has pointed to pandemic-related issues, and given international trade is a growth area for boohoo, we’ll be hoping to hear the supply chain pressures are easing.
Inflation can’t be ignored either, higher freight costs are expected to shave £20m off cash profits for 2021.
IHG’s been reaping the rewards of a world reopen, the Marriott owner posted revenue per available room up 46% year-on-year and 30% down on pre-pandemic levels at the end of the last financial year.
We’ll be watching out for how that trend played out in Q1, as businesses weigh up their options in a world where meetings no longer need to take place face-to-face.
Fresh lockdowns in China will no doubt have a negative impact on trading that looked like it was on the brink of a strong recovery last year.
That comes as another wave of Covid has wreaked havoc on the airline industry, so we wonder how much that will have held back performance.
The summer months are crucial for airlines, and that’s especially the case for IAG, which has been especially punished by the pandemic thanks to its long-haul focus.
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