DAL - Air fares stay weak as business bookings lag leisure

Air fares in the U.S. fell 5.1% in February on a month-to-month comparison, according to data compiled by the Bureau of Transportation Statistics. Fares were down more than the 3.2% decline seen in January and 2.5% drop in December. Air fares were off 25.6% in February compared to a year ago on an unadjusted basis.Analysts don't see a firming up of fares until business demand returns, which many target for late summer to early fall. As a related data point, Las Vegas convention bookings for the fall are ahead of even the 2019 pace. BTS data Related ETF: [[JETS]] Related stocks: Allegiant Travel (ALGT), Hawaiian Holdings (HA), JetBlue (JBLU), Spirit Airlines (SAVE), Mesa Airlines (MESA), United Airlines (UAL), Delta Air Lines (DAL), Alaska Air Group (ALK), Southwest Airlines (LUV), American Airlines Group (AAL).Compare Seeking Alpha Quant Ratings in the airline sector.

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Air fares stay weak as business bookings lag leisure