ULCC - Airlines bookings momentum slows down for fifth straight week on soft pricing

The airline industry recovery took another step back with system sales decelerating for the fifth straight week. Sales were down 61.5% vs. 2019 for the week ending August 22 vs. -58.9% last week, per tracking by Bank of America. BofA notes some stabilization in demand as domestic and international tickets sold were both flat compared to last week at down -29.3% and -46.1%, respectively.  The deceleration in sales is noted to have come from softer pricing, which weakened by 3% to 4% points in all channels. "In the recovery, there has been an improvement in bookings heading into holiday weekends, so next week’s data could be a good indicator of consumer demand around the delta variant," updates the firm. 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

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Airlines bookings momentum slows down for fifth straight week on soft pricing