MESA - Airline stocks fall as summertime cheer over bookings fades into fall anxiety

The airline sector is down sharply in early trading on signs that bookings for fall travel will be weak amid more COVID-19 anxiety in Europe and elsewhere. Another consideration for the sector is the drumbeat of warnings from Big Pharma on the length of time and complexity of a mass distribution of a vaccine in the U.S. Bank of America is out with a report on the most recent trends. "As we move out of the peak leisure travel period and into the traditionally more corporate heavy fall, current schedules show greater capacity declines in September (domestic capacity -50%) vs August (-46%). October schedules are still being finalized with domestic capacity currently tracking -45.4% (vs -44%), but we continue to expect capacity declines will exceed those seen in August and be more similar to September unless there is a meaningful inflection in demand environment over the next few weeks," notes

For further details see:

Airline stocks fall as summertime cheer over bookings fades into fall anxiety