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Airline traffic is one of many industries that has been hurt by the Covid-19 pandemic. TSA screenings are up and airlines that have reported earnings are pointing to strong recoveries and bookings.
TSA screened 1,703,267 people on Friday, May 7, which was the highest total since March 12, 2020. The U.S. declared COVID-19 a pandemic on March 11, 2020.
Traffic was hitting the highest figures in a year with 1.71 million passengers screened by TSA. on Sunday, May 9.
Here is a look at three discount airlines that have reported strong recoveries and could benefit from continued increasing passenger figures.
Spirit Airlines: In its first-quarter earnings report,
Routes Americas 2021: “beating on an open door – the feedback we’ve had could not be more positive”
Steven Small, Brand Director, talks to anna.aero
No Small achievement: “In the past three years, over 875 new routes in the Americas market are connected to meetings at Routes events – about half of all new route activity – that statistic demonstrates the level of engagement that takes place at Routes.”
In a first for the route development community, Routes Americas is going ahead next month (Orlando, 23-25 June), marking a much-anticipated return of face-to-face networking. Much has changed in the industry over the past 18 months, but what hasn’t changed is the huge appetite for airlines to meet face-to-face and the importance of meaningful, personal relationships between airlines and airports.
Earlier this week, discounter
Spirit Airlines (NYSE:SAVE) reported a strong first quarter and gave investors reason to believe it would be among the first to fully recover from the pandemic. A rally Thursday was interrupted by a marketwide swoon on talks of possible tax hikes, but the shares jumped more than 5% on Friday morning as more normal investing patterns returned.
So what
Spirit lost $2.48 per share in the first quarter on revenue of $461.3 million, topping analyst consensus estimates for a $2.54-per-share loss on $459 million in sales. We knew going in it would be a rough quarter, but Spirit s quarter looked pretty good relative to others who have reported.
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The pandemic airlines recovery has seen a scramble to capture leisure travelers in the U.S., with legacy carriers adding routes to leisure destinations to make up for the shortfall of business travelers. That’s brought heavy competition to low-cost carrier Spirit Airlines, which had seen success taking flyers to places like Florida and Las Vegas well before Covid was a household name.
Spirit said this week it likes where it is at despite the big carrier competition, with strength on routes to Florida, Vegas, and California, so much so it expects to be profitable in the second half.
Spirit Airlines is optimistic that it will be one of the first carriers to pull out of the coronavirus-driven industry crisis as leisure travellers begin to return and book vacations in greater numbers.