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2021-03-16
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Do airport volumes suggest a turning point for the airline industry?
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Southwest(NYSE:LUV), JetBlue(NASDAQ:JBLU)and Alaska Air(NYSE:ALK)also said Monday that more people were making plans to travel, helping to pare expected revenue declines this quarter.</p>\n<p>Delta (DAL) CEO Ed Bastian added that daily net sales for the first couple of weeks of March were about 30% higher than the average for February and airlines are seeing increased bookings that are more than 60 days out. \"We've seen some glimmers of hope over the last year, but they've been false hope,\" he declared. \"This seems like it's real.\"</p>\n<p>While it's definitely a rosy picture, other figures still need to be accounted for. Airlines face some hefty payments from the pandemic, like paying down their debt and severance costs for employees that took buyouts. In fact, U.S. airlines carried 60% fewer passengers in 2020 than in 2019 - bringing passenger traffic to the lowest level since the 1980s - and major carriers lost about $35B. 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The news sent airline stocks higher on Monday, with United Airlines(NASDAQ:UAL)climbing 8.3%, while shares of American Airlines(NASDAQ:AAL)and Delta(NYSE:DAL)rose 7.7%and2.4%, respectively.\nSome optimism? United CEO Scott Kirby, who has been generally pessimistic when it comes to a return to air travel in the near term, announced that the carrier would seepositive cash flowfrom March. It's not only about last weekend's numbers - bookings are also way up. Southwest(NYSE:LUV), JetBlue(NASDAQ:JBLU)and Alaska Air(NYSE:ALK)also said Monday that more people were making plans to travel, helping to pare expected revenue declines this quarter.\nDelta (DAL) CEO Ed Bastian added that daily net sales for the first couple of weeks of March were about 30% higher than the average for February and airlines are seeing increased bookings that are more than 60 days out. \"We've seen some glimmers of hope over the last year, but they've been false hope,\" he declared. \"This seems like it's real.\"\nWhile it's definitely a rosy picture, other figures still need to be accounted for. Airlines face some hefty payments from the pandemic, like paying down their debt and severance costs for employees that took buyouts. In fact, U.S. airlines carried 60% fewer passengers in 2020 than in 2019 - bringing passenger traffic to the lowest level since the 1980s - and major carriers lost about $35B. The CDC stilladvises against travel, while the rise of more contagious COVID variants and new testing requirements for people arriving from abroad, could also have a chilling effect.","news_type":1},"isVote":1,"tweetType":1,"viewCount":379,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":325548680,"gmtCreate":1615908530140,"gmtModify":1704788385684,"author":{"id":"3548927691158028","authorId":"3548927691158028","authorIdStr":"3548927691158028","name":"9527到","avatar":"https://static.tigerbbs.com/5f86add3db4d8044be8fa493a96e23a5","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3548927691158028"},"themes":[],"htmlText":"yes","listText":"yes","text":"yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/325548680","repostId":"1196366323","repostType":2,"repost":{"id":"1196366323","pubTimestamp":1615884812,"share":"https://ttm.financial/m/news/1196366323?lang=&edition=fundamental","pubTime":"2021-03-16 16:53","market":"us","language":"en","title":"Do airport volumes suggest a turning point for the airline industry?","url":"https://stock-news.laohu8.com/highlight/detail?id=1196366323","media":"seekingalpha","summary":"Americans are taking to the air again as COVID-19 restrictions ease across many part of the U.S. Abo","content":"<p>Americans are taking to the air again as COVID-19 restrictions ease across many part of the U.S. About 2.5M passengerswent through airport checkpoints nationwide this past weekend, according to the TSA, and nearly 1.4M traveled on Friday, making it thebusiest day for air travelsince before the pandemic. The news sent airline stocks higher on Monday, with United Airlines(NASDAQ:UAL)climbing 8.3%, while shares of American Airlines(NASDAQ:AAL)and Delta(NYSE:DAL)rose 7.7%and2.4%, respectively.</p>\n<p>Some optimism? United CEO Scott Kirby, who has been generally pessimistic when it comes to a return to air travel in the near term, announced that the carrier would seepositive cash flowfrom March. It's not only about last weekend's numbers - bookings are also way up. Southwest(NYSE:LUV), JetBlue(NASDAQ:JBLU)and Alaska Air(NYSE:ALK)also said Monday that more people were making plans to travel, helping to pare expected revenue declines this quarter.</p>\n<p>Delta (DAL) CEO Ed Bastian added that daily net sales for the first couple of weeks of March were about 30% higher than the average for February and airlines are seeing increased bookings that are more than 60 days out. \"We've seen some glimmers of hope over the last year, but they've been false hope,\" he declared. \"This seems like it's real.\"</p>\n<p>While it's definitely a rosy picture, other figures still need to be accounted for. Airlines face some hefty payments from the pandemic, like paying down their debt and severance costs for employees that took buyouts. In fact, U.S. airlines carried 60% fewer passengers in 2020 than in 2019 - bringing passenger traffic to the lowest level since the 1980s - and major carriers lost about $35B. The CDC stilladvises against travel, while the rise of more contagious COVID variants and new testing requirements for people arriving from abroad, could also have a chilling effect.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Do airport volumes suggest a turning point for the airline industry?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDo airport volumes suggest a turning point for the airline industry?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-16 16:53 GMT+8 <a href=https://seekingalpha.com/news/3672961-do-airport-volumes-suggest-a-turning-point-for-airline-industry><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Americans are taking to the air again as COVID-19 restrictions ease across many part of the U.S. About 2.5M passengerswent through airport checkpoints nationwide this past weekend, according to the ...</p>\n\n<a href=\"https://seekingalpha.com/news/3672961-do-airport-volumes-suggest-a-turning-point-for-airline-industry\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DAL":"达美航空","UAL":"联合大陆航空","LUV":"西南航空","AAL":"美国航空"},"source_url":"https://seekingalpha.com/news/3672961-do-airport-volumes-suggest-a-turning-point-for-airline-industry","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1196366323","content_text":"Americans are taking to the air again as COVID-19 restrictions ease across many part of the U.S. About 2.5M passengerswent through airport checkpoints nationwide this past weekend, according to the TSA, and nearly 1.4M traveled on Friday, making it thebusiest day for air travelsince before the pandemic. The news sent airline stocks higher on Monday, with United Airlines(NASDAQ:UAL)climbing 8.3%, while shares of American Airlines(NASDAQ:AAL)and Delta(NYSE:DAL)rose 7.7%and2.4%, respectively.\nSome optimism? United CEO Scott Kirby, who has been generally pessimistic when it comes to a return to air travel in the near term, announced that the carrier would seepositive cash flowfrom March. It's not only about last weekend's numbers - bookings are also way up. Southwest(NYSE:LUV), JetBlue(NASDAQ:JBLU)and Alaska Air(NYSE:ALK)also said Monday that more people were making plans to travel, helping to pare expected revenue declines this quarter.\nDelta (DAL) CEO Ed Bastian added that daily net sales for the first couple of weeks of March were about 30% higher than the average for February and airlines are seeing increased bookings that are more than 60 days out. \"We've seen some glimmers of hope over the last year, but they've been false hope,\" he declared. \"This seems like it's real.\"\nWhile it's definitely a rosy picture, other figures still need to be accounted for. Airlines face some hefty payments from the pandemic, like paying down their debt and severance costs for employees that took buyouts. In fact, U.S. airlines carried 60% fewer passengers in 2020 than in 2019 - bringing passenger traffic to the lowest level since the 1980s - and major carriers lost about $35B. The CDC stilladvises against travel, while the rise of more contagious COVID variants and new testing requirements for people arriving from abroad, could also have a chilling effect.","news_type":1},"isVote":1,"tweetType":1,"viewCount":379,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
