Airlines Rally as Bookings Offer Solid Signs of Recovery
- ‘This seems like it’s real,’ Delta CEO says at conference
- American, United are increasing fares for summer travel
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U.S. airlines rallied as improved summer leisure bookings and rising fares offered strong signs of a recovery a year after Americans began staying close to home.
Sales over the past three weeks have been the best since the coronavirus pandemic began, American Airlines Group Inc. said, while United Airlines Holdings Inc. said high demand for spring and summer travel resulted in positive core cash flow this month. JetBlue Airways Corp. and Southwest Airlines Co. said they see first-quarter revenue declining less than they originally expected.