American airlines have been shocked by the return of customers eager to travel within the country or outside its borders, but the country’s largest carriers are still mourning the loss of two particularly lucrative parts of the business: international and Corporate travel. At least one of them can rebound this summer.
In an interview with The New York Times over the weekend, European Commission President Ursula von der Leyen said she hoped the European Union would ease travel restrictions for vaccinated American tourists, a move that would have allowed the airline industry to cash in on the arrival. May provide the busiest travel season of the year.
“The long haul international flight represents an important opportunity for United,” Andrew Nokela, chief commercial officer for United Airlines, Told investors last week. “We have seen in recent weeks that holiday demand returns quickly to 2018 levels, after a country has been granted access immediately with proof of a vaccine.”
American Airlines and United said this month that international travel was about 80 percent less than in 2019. They and other airlines expect strong demand for domestic flights this summer, and the resumption of trans-Atlantic travel could provide a much-needed boost to the industry. This again works to generate profit.
American, Delta Air Lines and United each reported losses of more than $ 1 billion in the first three months of the year. Southwest Airlines reported a small profit of $ 116 million, although its chief executive said the airline would incur a $ 1 billion loss without federal assistance.
Willie Walsh also welcomed the news of the EU reopening to vaccinate EU tourists Director-General of the International Air Transport AssociationA global airline industry conglomerate, which said that it could well be for carriers elsewhere.
He said in a statement that coordination between the European Commission and the industry was necessary “so that airlines could make public health benchmarks and plans within timelines that would enable unconditional travel for vaccinators,” not only from the US but other countries Passengers too.