Travel recovers in the United States after covid slump
On average, more than 2.5 million passengers traveled on U.S. airlines daily last week, the most since August 2019.
I myself was under the mistaken impression that travel had still not returned to pre-Covid levels. Even the situation in Europe is slowly approaching 2019.
Yet airline stocks are still low.($LUV, $AAL)
Do you see this as an opportunity?
I bought$DAL and $AAL right away in covid and they are one of my most profitable positions so far :) and I am also thinking of buying more... I don't see why they shouldn't go back to at least pre-covid numbers... it just takes time...
I'm not in the industry either, I'll see if I go for it but I've also heard that it might be coming back to where it was, at least before Covid. I've heard from an investing buddy of mine a positive review of $DAL and true it is slowly growing. I haven't looked into it more yet though.
Sounds interesting, thanks for the info. So I'm thinking maybe it's time to make some purchases :)
I think the major airlines will at least look at where they were before the pandemic. At least in the long run.
I also thought it wasn't a 100% return from covid. Oh yeah, wrong😃