US Airline traffic in 2021 recovered consistently during the year, moving closer to but not quite reaching pre-pandemic levels. There is still a long way to go. The following chart shows US passengers by month for 2019, 2020, and 2021 as reported by TSA. The first...
US airline traffic growth, which was quite strong in the first half of 2021, has slowed in the second half and is now following historic patterns of month-to-month variation. We call this phenomenon constrained normalcy. The following chart illustrates the start of...
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