ULCC - Airline bookings continue to improve off domestic strength

Bank of America says airline system sales fell -64.1% for the week ending April 18 vs. the level seen for the same week in 2019. That marks a sequential improvement from the -66.3% and -69.8% levels of the prior two weeks. The firm notes that domestic leisure continues its strong run with domestic tickets sold through online travel agencies down only -0.4% against the 2019 level vs. -5.1% for the prior week. "Overall domestic tickets sold down -33.8% (vs last week’s -38.0%). After a stagnant start to the year, international tickets sold have been slowly improving and are now down -51.3% vs 2019, which compares to -66.9% at the start of March and - 74.0% at the start of 2021, and we suspect most of the demand is into Mexico, the Caribbean, and other Latin American markets based on commentary this earnings season. Tickets booked through corporate channels are still

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Airline bookings continue to improve off domestic strength