Despite the progress with vaccinations, travel in the US is still lagging significantly relative to 2019. Domestic leisure travel is coming back with force, but corporate and international travel might take a lot more time to recover.

Leisure travel has been the force behind travel recovery in the past few months. Airline executives all mentioned an acceleration in leisure travel demand since March.

Corporate travel has been lagging compared to leisure travel. Airline executives believe a turning point might occur in the second half of the year, with some pointing out Memorial Day or in-person school reopenings as possible inflection dates.

Executives expect international travel to recover quickly once restrictions are lifted. "A few weeks ago there was a rumor Greece was going to open. As soon as that rumor occurred, our Greece bookings took off." Andrew Nocella, VP of UAL

More here: https://fincredibletranscripts.substack.com/p/fincredible-transcript-april-27-air

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