AERZY - Airline bookings blaze strong even as shares prices stay grounded

Bank of America pointed to a strong upturn in airline bookings data that backs up the positive tone heard from carriers with their traffic and guidance updates. The firm said system net sales stepped up significantly to -15.4% compared to 2019 for the week ending March 13 vs. -25.4% compared to 2019 in the week prior. That is on the narrowest gaps to the pre-pandemic level of airline bookings. "Further, domestic leisure volumes and pricing are above 2019 levels, and for the first time since the pandemic, corporate bookings through smaller channels crossed above 2019 levels. Near term, the demand environment remains very strong and appears to be exceeding supply for the first time in over two years. As for international bookings, analyst Andrew Didora and team said the situation in Russia-Ukraine has had a minimal impact on international bookings. The firm still expects a robust demand to Europe this

For further details see:

Airline bookings blaze strong even as shares prices stay grounded