From the Control Tower
There's almost certainly a recovery out there somewhere. But it isn't here yet. Major US carriers are still burning huge amounts of cash and Q4 '20 wasn't as strong as they'd hoped. Q1 '21 won't be either.
With new lockdowns on the horizon and more strict testing rules in play the short term outlook is not great. But these are necessary steps to contain COVID-19 and ensure the long term safety of society. Which airlines also survive remains to be seen.