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U.S. airline executives on Monday pointed to concrete signs of a domestic leisure travel recovery as a slowing pandemic drives spring and summer bookings, pushing shares to their highest level since the coronavirus crisis hit the sector a year ago.
“We certainly are seeing the beginning of what feels like a very large uptick,” said American Airlines Chief Executive Doug Parker, one of several CEOs speaking at a J.P. Morgan conference.
Ted Christie, CEO of budget carrier Spirit Airlines, said the recovery appeared to “have legs.”
Executives cited data showing that U.S. COVID-19 vaccinations are accelerating and have outstripped the number of positive cases, which are on the decline.
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(Reuters) - U.S. airline executives on Monday pointed to concrete signs of a domestic leisure travel recovery as a slowing pandemic drives spring and summer bookings, pushing shares to their highest level since the coronavirus crisis hit the sector a year ago. We certainly are seeing the beginning of what feels like a very large uptick, said American Airlines Chief Executive Doug Parker, one of several CEOs speaking at a J.P. Morgan conference.
Ted Christie, CEO of budget carrier Spirit Airlines, said the recovery appeared to have legs.
Executives cited data showing that U.S. COVID-19 vaccinations are accelerating and have outstripped the number of positive cases, which are on the decline.
U S airlines see recovery with legs, shares climb to pre-pandemic levels netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.
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(Reuters) - American Airlines Group Inc and Southwest Airlines Co posted their biggest-ever annual losses on Thursday and indicated a need for additional government aid as the industry continues to reel from the coronavirus pandemic.
U.S. airlines expect demand to improve this year as vaccines become more widely distributed but have warned that the strength of any rebound will depend on the pace of vaccine rollouts and the easing of travel restrictions.
JetBlue Airways, which also posted a quarterly loss on Thursday, said a recovery will be directly linked to a decline in COVID-19 case counts.