The airline industry has essentially been grounded for months after a plunge in passenger demand forced American Airlines, United Airlines and others to slash flight schedules. They were among the hardest hit companies as the coronavirus abruptly shut down overseas markets and then pushed the U.S. into a pandemic-induced recession.
Analysts don't expect passenger traffic to get back to 2019 levels anytime soon. Last week, American Airlines said that next month it will operate 55% of the U.S. flights that it ran in July 2019. United Airlines will run a more modest 30% of its schedule compared with a year ago. But for investors, those small signs of recovery were enough to warrant jumping back into airlines stocks.
“While it is unlikely that we are out of the woods on COVID-19, improving passenger flow numbers suggest some consumers’ desire to travel is outweighing COVID-19 concerns,” said Citi analyst Stephen Trent, in a note to investors.
They should take out every other row for social distancing, and make for a more pleasurable flight!!
No thanks, airlines. COVID19
I saw two (2) Southwest jets fly over landing today..... 1st time in a good long minute. 🇺🇸
Give us space. Don’t crowd people in the planes.
And still we have no more extra leg room. What a crock
Once passengers are in the air it's fair game. in other words everybody for themselves up there. lol
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