Despite the recent softening of traffic volumes, the industry is, overall recovering. As always, we have data to illustrate this.
The chart above is through June and that is a quarter ago – but US DoT runs that late. The trend looks strong when compared to years other than 2019, which was an excellent year. It is the dropoff that came after 2019 that made it so painful – from the best year to perhaps the worst. We understand the interest in seeing something more recent.
The most recent data to show the recovery is in July and the following model allows readers to runs the model for each of the big airlines. Here you can clearly see the “V” recovery everyone was waiting and hoping for.Â
