Here’s some of the biggest signs that this summer about to be off the hook.
Executives from most of the major carriers said the recovery in domestic leisure travel is already here. That means yields, which measure how much passengers pay for every mile traveled, are up more than the airlines had been forecasting.
“There certainly has been a surge in domestic leisure bookings, and the yields they’ve been able to achieve,” said Philip Baggaley, chief credit analyst covering airlines for Standard & Poor’s. “They’re not filling up as much of the plane, but in a very large and important part of their business, they’re doing just fine.”
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