ULCC - Spirit Airlines and American Airlines outperform in latest booking data

guvendemir/E+ via Getty Images New data from Bank of America on system bookings shows the trends have stabilized following the Memorial Day weekend with system net sales down -56.2% compared to 2019 for the week ending June 6. "Since taking the significant step up heading into the Memorial Day weekend (approximately 6% pt jump), TSA throughput figures have flattened out in the past two weeks," notes the firm. Corporate travel is noted to be still in the very early stages of recovery and international markets still remain largely closed. BofA says the G7 Summit has included discussions between the U.S. and Canada on a border reopening, but no formal deal materialized. For the week, Spirit Airlines (SAVE) and American Air Lines (AAL) are noted to have performed well. Spirit Airlines is approaching 2019 levels and is now down -5% Y/Y vs -15% last week. Meanwhile, AAL also showed a brisk

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Spirit Airlines and American Airlines outperform in latest booking data