The year of the black swan: how some sectors have spun darkness into gold

The pandemic has meant catastrophe for many sectors and companies, but others have profited – some record-breakingly so

Despite the near-closure of the travel sector, Ryanair‘s share price will end the year higher than it started at close to €16.50 – a sign of just how distorted the markets have become. Photo: Getty

A year ago, this newspaper wrote that Ryanair, the Irish low-fares airline, had just suffered “the worst period of turbulence it has endured in its three-decade history”.

A large order of Boeing’s new 737 Max aircraft had been suspended after two tragic crashes. It was in a difficult battle with its workers and their trade unions. And its profits were declining.

The strife had resulted in Ryanair‘s share price dropping at one stage to around ...