The Airline Recovery Is Too Much Made in the USA

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When it comes to the airline industry at large, investors may be wise to wait for a travel rebound that is truly global. WSJheard explains. WSJWhatsNow

On Wednesday, Delta Air Lines—the first major carrier to release earnings—announced that the second quarter of 2021 wassince the start of the Covid-19 pandemic. American Airlines, which is the most financially beleaguered of the U.S. operators, said that it may also post a small profit when it reports next week.

On the surface, it should be an opportunity for investors. The Dow Jones U.S. Airlines index is now 16% cheaper than at the end of May, just as the travel industry has appeared to turn a corner thanks to Covid-19 vaccines. Delta said Wednesday that average daily net cash sales doubled relative to the previous quarter. Even more important, revenues per passenger were ahead of analysts’ expectations. One reason is that tourists can once again book further ahead, which is finally allowing carriers to fill planes in ways that make.

 

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heard DEAR FBI, I AM STAYING AT A HOTEL THAT I DID NOT GIVE MY PHONE NUMBER TOO. BUT I RECEIVED A TEXT FROM THEM. THERE IS ALSO NO DEADBOLTS ON THESE DOORS

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heard nice

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