Authorization

American, Delta, Southwest, and United say more people are starting to book travel, but that good news may not last (AAL, DAL, LUV, UAL)

American, Delta, Southwest, and United say more people are starting to book travel, but that good news may not last (AAL, DAL, LUV, UAL)
Shutterstock/Philip Pilosian



The four major US airlines — American, Delta, Southwest, and United — have seen a small but significant growth in demand in May, a sign that airlines may be starting to recover from the coronavirus pandemic's disastrous effects on the industry.




However, the growth is extremely modest, and new bookings could still end up being cancelled if the pandemic situation worsens.




Airlines are also continuing to burn through tens of millions of dollars in cash each day, hemorrhaging money as they seek to downsize and cut costs.




Visit Business Insider's homepage for more stories.



US airlines have seen a small but significant increase in travel demand over the past two weeks, signaling that the airline industry may be past the worst of the damage from the coronavirus pandemic.
However, in filings with the Securities and Exchange Commission, and during presentations at Wolfe Research's Transportation Industry conference on Tuesday, airline executives warned that a full recovery remains a long way away, and that the positive signs seen this month may not stick.
The four major US airlines — American, Delta, Southwest, and United — have all seen an increase in passenger traffic in May, according to the airlines. American saw more passengers through the first 15 days of the month than it did in all of April, according to a spokesperson, and data from the TSA shows a steady upward trend for the total number of travelers passing through security checkpoints each day.
See also:
Leave a comment
News
  • Latest
  • Read
  • Commented
Calendar Content
«    Июнь 2020    »
ПнВтСрЧтПтСбВс
1234567
891011121314
15161718192021
22232425262728
2930