AGL 23.30 Increased By ▲ 0.36 (1.57%)
AIRLINK 110.84 Decreased By ▼ -0.45 (-0.4%)
BOP 5.29 Increased By ▲ 0.04 (0.76%)
CNERGY 3.72 No Change ▼ 0.00 (0%)
DCL 8.03 Increased By ▲ 0.04 (0.5%)
DFML 43.85 Increased By ▲ 3.58 (8.89%)
DGKC 88.00 No Change ▼ 0.00 (0%)
FCCL 21.97 Decreased By ▼ -0.02 (-0.09%)
FFBL 42.35 Increased By ▲ 0.15 (0.36%)
FFL 8.90 Increased By ▲ 0.35 (4.09%)
HUBC 152.00 Decreased By ▼ -1.29 (-0.84%)
HUMNL 10.60 Increased By ▲ 0.15 (1.44%)
KEL 4.49 Decreased By ▼ -0.01 (-0.22%)
KOSM 3.83 Decreased By ▼ -0.02 (-0.52%)
MLCF 36.84 Increased By ▲ 0.04 (0.11%)
NBP 48.20 Increased By ▲ 0.21 (0.44%)
OGDC 131.70 Decreased By ▼ -0.10 (-0.08%)
PAEL 26.25 Increased By ▲ 0.10 (0.38%)
PIBTL 6.03 No Change ▼ 0.00 (0%)
PPL 115.50 No Change ▼ 0.00 (0%)
PRL 22.70 Increased By ▲ 0.10 (0.44%)
PTC 12.57 Decreased By ▼ -0.01 (-0.08%)
SEARL 55.58 Decreased By ▼ -0.11 (-0.2%)
TELE 7.30 Increased By ▲ 0.10 (1.39%)
TOMCL 37.45 Increased By ▲ 0.45 (1.22%)
TPLP 7.90 Increased By ▲ 0.05 (0.64%)
TREET 15.25 Decreased By ▼ -0.05 (-0.33%)
TRG 56.60 Increased By ▲ 2.05 (3.76%)
UNITY 31.81 Decreased By ▼ -0.05 (-0.16%)
WTL 1.18 Increased By ▲ 0.01 (0.85%)
BR100 8,357 Increased By 12.8 (0.15%)
BR30 26,345 Decreased By -2.6 (-0.01%)
KSE100 79,256 Increased By 269.2 (0.34%)
KSE30 25,419 Increased By 53.6 (0.21%)
Business & Finance

American Airlines readies more jets to meet rising demand

  • American said that as of March 26, average bookings for the next seven days had reached 90% of levels experienced before the pandemic upended air travel in 2019, with a domestic load factor of about 80%.
  • "The Company presently expects this strength in bookings to continue through the end of the first quarter and into the second quarter," it said in a regulatory filing.
Published March 29, 2021

American Airlines said on Monday it expects to fly most of its fleet in the coming months thanks to strong domestic and short-haul international bookings as COVID-19 infection rates and hospitalizations decline and more people receive vaccines.

American said that as of March 26, average bookings for the next seven days had reached 90% of levels experienced before the pandemic upended air travel in 2019, with a domestic load factor of about 80%.

"The Company presently expects this strength in bookings to continue through the end of the first quarter and into the second quarter," it said in a regulatory filing.

Shares in US airlines, which parked hundreds of jets as demand plummeted last year, have climbed this year amid hopes for a recovery.

The US Transportation Security Administration (TSA) screened 1.57 million passengers on Sunday, the highest number since March 2020.

Following the increase in travel demand so far this year, American said it expects its system capacity to be down between 40% and 45% in the first quarter to March 31 versus the same period in 2019, compared to its previous guidance for a 45% decline.

Comments

Comments are closed.