Ryanair (NASDAQ:RYAAY) Spirit Airlines (NYSE:SAVE), JetBlue Airways (NASDAQ:JBLU),
Although worldwide airline traffic is still at roughly 75 percent of 2019 levels, recently released IATA data showed a marked improvement from 2021 and anticipates further growth through 2023. According to IATA Director General Willie Walsh, “July’s performance continues to be excellent, with certain markets nearing pre-COVID levels.”
This applies cross-board and is likely to draw keen interest toward major airline stocks such as: American Airlines (NASDAQ:AAL), Air France-KLM Group (OTCPK:AFLYY), Southwest Airlines (NYSE:LUV), Spirit Airlines (NYSE:SAVE), Alaska Airlines (NYSE:ALK), JetBlue Airways (NASDAQ:JBLU), Sun Country (NASDAQ:SNCY), Delta Air Lines (NYSE:DAL), United Airlines (NASDAQ:UAL), Consolidated Airlines Group (OTCPK:ICAGY), Lufthansa (OTCQX:DLAKY).
And that’s despite capacity limitations in regions of the world that weren’t ready for the rapid return of travel by people. Despite the fact that there is still more room to make up, this is a positive development as we enter the generally slower autumn and winter seasons in the Northern Hemisphere.
According to the data, revenue passenger kilometers increased by 76.2% over the previous year in July, driven mostly by a rise of 86.9% in domestic RPKs in the markets examined. Notably, revenue in the Asia Pacific region increased by 150.6% as rising demand was fueled by hints of loosened limitations.
According to the research, “Domestic RPKs in China continued to ramp up and are currently 30.5% below 2019 levels, representing a 19.9 percentage point rise from June.” Since the demand for air travel has been so high in response to the previous loosening of travel restrictions, a quick rebound might be anticipated in this sector.
A steady rebound was also noticed in Bank of America’s examination of both US and European traffic. According to reports from Jet2 (OTCPK:DRTGF), Ryanair (NASDAQ:RYAAY), and Wizz Air (OTCPK:WZZAF), forward bookings for the winters of 2022–23 and 2019–20 have loads that are comparable to those for the winters of 2019–20. These reports were all hailed as positive signs.
Analyst Muneeba Kayani stated that “[European] airlines have scheduled] 94% of 2019 intra-Europe capacity in 3Q22, with a planned ramp up to 101% in 4Q22, although this could be cut closer to flying date.” In a pattern that is projected to continue throughout the holiday season later in the year, U.S. passengers were also revealed to be more enthusiastic about international air travel sequentially, extending a trend back toward 2019 levels.
Featured Image – Megapixl © Robwilson39
Author Jowi Kwasu 
