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American Air’s 74% Jump in Flying Signals Travel on the Mend

  • U.S. consumers ‘hungry’ to make trips again, network boss says
  • Shares soar most on record, sparking broader industry rally
Bloomberg business news
IATA CEO Sees ‘Strong Appetite to Fly’ as Demand Rebounds
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American Airlines Group Inc. surged the most on record after the carrier said it would boost July flights 74% compared with this month, signaling that U.S. travelers freed from shelter-in-place orders are returning more quickly than expected.

The busiest days next month will have about 4,000 flights, up from 2,300 in June, said Vasu Raja, American’s senior vice president of network strategy. The July figure is equivalent to 40% of capacity a year earlier, compared with 30% in June, the airline said Thursday. Capacity was even less in May, after a devastating collapse in flying spurred by the Covid-19 pandemic.