SAVE - U.S. airline bookings and traffic slow slightly as corporate demand lags
Bank of America reports that airlines bookings took a slight step back with sales tracking at -66.4% vs 2019 for the week ending September 12 vs. -63.9% for the week prior. The latest TSA numbers also show slowing momentum. "After seeing strong TSA throughput numbers around the Labor day weekend (back above 80% of 2019 levels for six days), this week the TSA throughput trailing 7-day average took a sizable step back to -28.3% vs 2019. This is the lowest the TSA numbers have been since early June as corporate demand remains weak during the early part of September." Looking further ahead, website visit trends are strong for American Airlines (NASDAQ:AAL), Southwest Airlines (NYSE:LUV) and Hawaiian Airlines (NASDAQ:HA), with all three currently tracking above 2019 levels as consumers weigh leisure travel options. Sector watch: Delta Airlines (NYSE:DAL), United Airlines (NASDAQ:UAL), JetBlue (NASDAQ:JBLU), Alaska Air Group (NYSE:ALK), Allegiant Travel (NASDAQ:ALGT), Spirit
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U.S. airline bookings and traffic slow slightly as corporate demand lags