JBLU - Airline booking trends improve in the U.S. in latest read

Airline bookings trends in the U.S. showed some improvement for the week ending on September 19, per data from Bank of America. System sales were down 60.1% vs. the 2019 level, which is noted to be slightly better than the recent trend of down in the low to mid-60% range. BofA analyst Andrew Didora: "Demand in both corporate and leisure channels was also a bit better than the recent trend, showing that the delta variant impact is likely waning. In addition, we expect to see a step up in international trends next week after the US relaxed some travel restrictions, which would help stimulate a recovery in international revenues." The biggest gainers in website visits was Alaska Airlines (NYSE:ALK), up 21% against the 2019 level Looking at international travel following the reopening of U.S. borders in November, BofA forecasts international revenue to be -58% in Q3 vs. 2019's level, -47%

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Airline booking trends improve in the U.S. in latest read