air traffic
Here is an update through April 14. Please use the double-headed arrow to optimize viewing for your monitor.
You can click on any of the years and see the chart expand into months and days.
The following chart shows that the market still looks stable.
The following chart uses January 2019 as a base of 100. The red line is the base of 100. The number of flights and passengers is well above 100, another sign of a market with upward momentum.
The final chart shows the pattern of passenger numbers. After a slight dip at the end of the December holidays, traffic stayed around two million daily. By mid-February, traffic numbers rose to settle between two and three million daily. This is another sign that the market is stable and has upward potential.
Our previous note suggested there might be a softening in traffic. This may not happen after all as we move closer to summer travel planning. The more significant concern is that the infrastructure might not meet the growing traffic. Air traffic control limits are again back on the front pages.
News from United Airlines should further bolster market confidence today. In prepared remarks announcing earnings, United encouragingly notes that demand has stabilized over the past six weeks. TD Cowen shared another crucial data point: “advanced ticket sales rose by $2.9bn vs 4Q24, about the same as Delta’s increase, which is a good sign for forward bookings.”
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