JetBlue CEO expects domestic travel to recover before international

Описание: Robin Hayes, JetBlue CEO, joins 'Power Lunch' to discuss the state of the airline industry, what it's like to fly post-coronavirus and his expectations for this air travel this summer.

Slowly, the airline business is coming back to life as carriers set schedules for July that include more flights.

The latest is American Airlines, which says it plans to fly 55% of its domestic schedule in July, up dramatically from May when it flew 20% of its schedule from a year earlier.

“We’re seeing a slow but steady rise in domestic demand. After a careful review of the data, we’ve built a July schedule to match,” Vasu Raja, senior vice president of network strategy at American Airlines, said in a release announcing the airline’s schedule.

The optimistic outlook sent American shares surging Thursday. The carrier gained 41% to close at $16.72, the biggest one-day percentage jump since its merger with US Airways in December 2013. United gained 16% to $39.10, and Delta added nearly 14% to $32.38.

American is Increasing flights at a more aggressive pace than United Airlines, which is ramping up its July schedule to 25% of what it flew during the same month in 2019.

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