Good News for Airlines: The U.S. Will Open to More Foreign Visitors
Since early 2020, the federal government has maintained a ban on international travel to the U.S. affecting billions of foreigners. Naturally, these restrictions have drastically crimped demand for international travel to and from the U.S., hurting airlines like Delta Air Lines (NYSE: DAL), United Airlines (NASDAQ: UAL), and American Airlines (NASDAQ: AAL).
However, the U.S. is finally ready to relax these restrictions. That's great news for U.S. airlines with significant long-haul international operations.
As the COVID-19 pandemic spiraled out of control in 2020, the Trump Administration implemented severe restrictions on travel to the U.S. from 33 countries, accounting for a wide swath of the world (including China, India, Brazil, and most of Europe). The Biden Administration left those restrictions in place when it took office earlier this year.
Source Fool.com
