Airlines remain bullish on travel demand
U.S. airlines remain upbeat about travel demand, even as the risk of an economic recession has gone up
Carriers are enjoying the strongest travel demand since the start of the COVID-19 pandemic, boosted by reopening of closed borders, a strong U.S. dollar and rising corporate travel.
- United Airlines forecasts at least a four-fold jump in full-year profit for this year;
- Delta Air Lines expects to nearly double its full-year earnings this year;
- The upbeat reports come just as over half of the 50 U.S. states are exhibiting signs of slowing economic activity.
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