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

Ring Kills Flock Safety Deal After Super Bowl Ad Uproar

The widespread protests in Iran have exposed both Tehran’s brutal tactics in the streets, where state authorities have...

These Are the Best Alternatives to Google’s Android Operating System

Want Google out of your life? It's pretty easy to find alternative search, email, and photo storage providers,...

I Tried H&R Block’s DIY Tax Service. Here’s Who’ll Benefit From It

Throughout, there's a Virtual Assistant chatbot if you need to ask questions or get help, which gives me...

Gear News of the Week: Samsung Sets a Date for Galaxy Unpacked, and Fitbit’s AI Coach Comes to iOS

Samsung will unveil its next flagship smartphone lineup on February 25 at its Galaxy Unpacked event in San...

The Internet’s Favorite Blanket Is 45 Percent Off

If you’ve spent more than five minutes on TikTok, you’ve probably heard someone rave about Lola Blankets. They’re...

Some of the Year’s Best Mattress Sales Are on Presidents’ Day. Here’s What We Recommend

Hooray for a three-day weekend and a little bit of extra time to relax! Presidents’ Day is also...

Must read

You might also likeRELATED
Recommended to you