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

New MacBook Airs come with M5, double the storage, and higher starting prices

Most of Apple’s laptop lineup is getting refreshed today—the high-end MacBook Pros are getting M5 Pro and M5...

Apple’s New MacBook Air and MacBook Pro Have New Chips, More Storage, and Higher Prices

Alongside its price-friendly iPhone 17e and M4 iPad Air yesterday, Apple just announced a few updates to the...

Is Your Home Covered in Secret Stains? This Robot Vacuum Will Find Them

There's no carpet on my main floor, but I have some upstairs. To move the Shark upstairs, I...

Tired of Typing? These Are the Best Ergonomic Keyboards I’ve Found

While there are countless types of ergonomic keyboards, the most common are typically going to be angled keyboards...

Must read

You might also likeRELATED
Recommended to you