Air travel jumps as vaccinations spur bookings, stocks surge

-


A Delta Airlines Boeing 757-251 approaches Washington Ronald Reagan National Airport (DCA) in Arlington, Virginia on February 24, 2021.

Daniel Slim | AFP | Getty Images

Air travel over the weekend hit the highest levels in over a year as vacationers return, boosting outlooks at several major carriers.

The Transportation Security Administration screened more than 1.34 million people on Sunday, 86,000 more people than the same day a year ago, shortly after the World Health Organization declared Covid-19 a pandemic.

That figure was still 45% below 2019 levels, a sign the airline industry still has a long way to go before recovering to pre-pandemic levels. But TSA screenings topped 1 million every day since Thursday, hitting the best stretch in a year.

Airlines are growing more optimistic. Both Delta Air Lines and JetBlue Airways on Monday each said they logged increases in demand in March, as more people are vaccinated. Shares in those carriers were up 2% apiece in premarket trading. American Airlines was up 3% and United Airlines was up more than 2%.



Source link

Ariel Shapiro
Ariel Shapiro
Uncovering the latest of tech and business.

Latest news

MoonPay Launches Open-Source Wallet Standard For AI Agents

MoonPay recently launched an open-source wallet standard to equip artificial intelligence (AI) agents with the ability...

A Billionaire-Backed Startup Wants to Grow ‘Organ Sacks’ to Replace Animal Testing

As the Trump administration phases out the use of animal experimentation across the federal government, a biotech startup...

A Mysterious Numbers Station Is Broadcasting Through the Iran War

“Tavajoh! Tavajoh! Tavajoh!” a man’s voice announces, before going on to narrate a string of numbers in no...

Our Favorite Budget Earbuds Are Literally $19

Looking for an inexpensive pair of earbuds to toss in your gym bag? You can snag our favorite...

Must read

You might also likeRELATED
Recommended to you