There is improving data showing leisure and family-related travel is recovering and driving passenger volumes higher.
TSA reported the number of people going through security at the nation’s airports, as of last week, was down 65% year over year. That’s an improvement over June when passenger volume was off by about 80%. But, “Business traffic is down 90% – 95%,” Cowen Equity Research Analyst Helane Becker says. “And without their return, we believe it will be difficult to get back to cash flow breakeven before 2H21.”
Delta president Glen Hauenstein acknowledged the obstacles airlines face ahead saying the demand may slowly build for two years. But Hauenstein says Delta is creating the foundation for, “sustainable future revenue growth.”
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