JBLU - Airline bookings improve in U.S. and international demand trickles higher

Airline stocks are on watch after a third consecutive week of improved bookings against the pre-pandemic period. Bank of America reports that system net sales improved to -46.5% for the week ended October 17 vs. 2019 after being -50.9% and -56.4% in the two preceeding weeks. Analyst Andrew Didora says takeaways from the U.S. airline sector following the initial rush of earnings reports include the uptick in international bookings following the U.S. reopening announcement, a corporate travel recovery that is only on the horizon and the start of higher cost pressures for fuel and opex. Sector watch: American Airlines (NASDAQ:AAL), Delta Airlines (NYSE:DAL), Southwest Airlines (NYSE:LUV), United Airlines (NASDAQ:UAL), JetBlue (NASDAQ:JBLU), Hawaiian Holdings (NASDAQ:HA), Alaska Air Group (NYSE:ALK), Allegiant Travel (NASDAQ:ALGT), Spirit Airlines (NYSE:SAVE), Mesa Airlines (NASDAQ:MESA), SkyWest (NASDAQ:SKYW), Sun Country Airlines (NASDAQ:SNCY), Frontier Group (NASDAQ:ULCC). Read what American Airlines (AAL) execs said on the demand setup.

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Airline bookings improve in U.S. and international demand trickles higher