Airlines are signaling they believe a bump in travel won't be repeated any time soon, as summer leisure travel comes to an end while business travel is expected to remain slow to return.
But airlines are signaling they believe this won't be repeated any time soon, as summer leisure travel comes to an end while business travel is expected to remain slow to return.The number of travelers screened by TSA over the five-day period from Thursday to Monday was 39% of the number of the total of those screened during the same period a year ago.
"The fall is normally a seasonally weak period, anyway. And this year people have gotten the vacation they had to have," said Phil Baggaley, chief airline credit analyst for Standard & Poor's. He said that early bookings suggested there would be a stronger summer travel season, but a subsequent rise in Covid-19 cases, as well as quarantine and travel restrictions imposed by some states on travelers from hot spots, slowed the recovery.
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