For Airlines, It’s Looking More Like 2019 Again

for airlines its looking more like 2019 again

Sumary of For Airlines, It’s Looking More Like 2019 Again:

  • A summer travel bonanza is exceeding expectations, helping airlines earn profits again and brightening the outlook for the rest of the year.
  • Ticket prices have rebounded, too: In June, fares were down only 1 percent from the same month in 2019, according to the Adobe Digital Economy Index, which is similarly based on website visits and transactions.
  • And on Sunday, the Transportation Security Administration screened more than 2.2 million travelers at its airport checkpoints, the most in one day since the start of the pandemic.
  • “As people have gotten vaccinated and things have reopened, the demand is just very, very strong — and I think, in general, it’s stronger than people thought it would be,” said Helane Becker, an airline analyst at the investment bank Cowen.
  • “People have money and time, and they’re using it to travel.
  • ”A full recovery rests on the return of two pillars of the business, corporate and international travel, but executives said they expected both to improve meaningfully over the coming months.

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