Is the Pandemic Over? Airlines Seem to Think So
After a rough 2020, the airline industry is signaling clear skies ahead going into the spring and summer travel season.
On Monday, industry execs were making the rounds at a J.P. Morgan investment conference, and the message was by and large upbeat. Delta Air Lines (NYSE: DAL) CEO Ed Bastian warned that while the airline was likely to post a "large loss" in the current quarter, bookings have picked up in the last five weeks as the vaccine rollout gained momentum.
March revenue is coming in about 40% higher than February, and the month is "at or pretty darn close to breakeven" in terms of cash burn, Bastian said.
Source Fool.com
