US Consumer Cyclical News

Airlines continue to recover on strong pricing with international, business travel in the mix

Airlines continue to recover on strong pricing with international, business travel in the mix
Airline bookings growth improved in the U.S. as strong pricing trends offset a slight deceleration in volume. System net sales improved modestly this week to down -9.9% compared to the level seen in 2019 for the week ending April 24, per tracking data from Bank of America. That mark compares to down -10.5% for the prior week. Bank of America said the recent round of airline companies that reported earnings last week consisted of a lot of the same commentary heard throughout the industry this spring on demand and the pricing environment being very strong. So far, significant pushback from consumers on higher fares has not showed up in the reports on bookings. Domestic channel pricing is now up 8.6% from the level seen in 2019. On the international front, volume improved to -14.8% vs. 2019. BofA noted that international bookings have steadily improved this year. The gap between international

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Airlines continue to recover on strong pricing with international, business travel in the mix

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