1 Airline Giant Just Raised Its Guidance as the Air Travel Recovery Continues
Just a few months ago, U.S. domestic air travel demand remained weak because of high COVID-19 infection rates in parts of the country. International demand was even worse, as many countries had closed their borders except for essential travel.
However, demand has come roaring back since February. With demand trends continuing to improve, United Airlines (NASDAQ: UAL) recently boosted its outlook for unit revenue and earnings for the second quarter. The full-service airline expects this momentum to continue into the third quarter as well.
As recently as the last seven days of January, fewer than 5 million people passed through TSA checkpoints, down more than 62% from the same period in 2019. Since then, the rapid rollout of coronavirus vaccines and declining COVID-19 case counts have helped drive a surge in demand. Over the past week, the TSA has screened more than 11 million passengers at its checkpoints, down about 32% from 2019 levels.
Source Fool.com
