. . World news – CA – U. s. Airlines warn of weak demand ahead of vacation travel


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U vacation travel recovery. s. The airlines were expecting began to wobble. The rise in coronavirus cases has « dented » reservations, according to American Airlines Group Inc.. President Robert Essom said Thursday at the Skift conference. Earlier today, United Airlines Holdings Corporation. Southwest Airlines Co followed. In a warning that more customers are canceling their flights.

“There has been a slowdown in system bookings and an increase in cancellations as a result of the recent spike in Covid-19 cases,” United said in an organizational file.. The slowdown threatens to push airlines for a modest increase in holiday sales at the end of the year that air travel has collapsed due to the coronavirus pandemic.. . Just two weeks ago, United were adding flights for Thanksgiving Week, saying they were expecting their busiest week since March. Now, government leaders are discouraging travel, with U. s. The Centers for Disease Control is the latest in urging Americans to stay home.

The CDC’s guidance on Thursday came a day after Anthony Fauci, influential director of the National Institute of Allergy and Infectious Diseases, recommended that people « think twice » about traveling during holidays. This is leading to increased tension between public health officials and affected airlines in the country.

“We believe that renewed restrictions by several state and local governments have negatively affected demand in the near term,” Alaska Air Group Inc. He said in a file.

is the standard & Poor index of U. s. Airlines changed a bit at 1:18 pm. in New York. Southwest advance 0. 6% to $ 45. 88 to achieve the largest gain while United’s stock fell 1% to $ 40. 64.

The letter U. s. It reported 163,975 additional cases on Wednesday, according to Covid Tracking data. There have been more than 250,000 cumulative deaths, according to Johns Hopkins University.

« We’ve already seen a seasonal spike in cases, which is worrying, » Southwest Chief Executive Gary Kelly said on a conference call.. “Cancellations have increased, but it seems that December will match what we are seeing in November, and maybe a little better..

United Airlines, United Airlines Holdings, Coronavirus, Southwest Airlines, NASDAQ: UAL

World News – CA – U. s. Airlines warn of weak demand ahead of vacation travel

Ref: https://www.bloomberg.com

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