Airline company executives said they are beginning to see a path out of the coronavirus pandemic as more guests resume travel, following a weekend when airport volumes struck their highest levels in a year.
Delta Air Lines Inc. reservations began picking up five or 6 weeks earlier as people have actually started making strategies for spring and summer, Chief Executive Officer Ed Bastian said at a market conference Monday.
” Weve seen some twinkles of hope over the last year, but theyve been false hope,” Mr. Bastian said. “But this looks like its real.”
Airline company stocks climbed up Monday. Shares of United Airlines Holdings Inc. increased 8.3%, while shares of American Airlines Group Inc. climbed 7.7% and Delta shares rose 2.3%.
The pandemic brought travel to a near stop last spring. Travel restrictions and fear of infection kept people at house and out of airports for the majority of the year: U.S. airline companies carried 60% less passengers in 2020 than in 2019, bringing guest traffic to the most affordable level because the mid-1980s, according to the Bureau of Transportation Statistics.