Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

U.S. screened 2.49 million air passengers Sunday, highest since early 2020

Published 10/17/2022, 09:26 AM
Updated 10/17/2022, 10:21 AM
© Reuters.
DAL
-

By David Shepardson

WASHINGTON (Reuters) -The U.S. Transportation Security Administration (TSA) screened 2.49 million air passengers on Sunday, the highest daily number since February 2020.

The number was, however, below the 2.61 million screened on the same day in 2019. The Sunday checkpoint traffic was the highest since Feb. 11, 2020, when TSA screened nearly 2.51 million passengers and comes as airlines reported business and leisure travel is increasing. The figure is just above the number screened on July 1.

Some U.S. leisure travelers - who faced few seats and high summer prices - opted to delay trips to the fall.

Delta Air Lines (NYSE:DAL) Chief Executive Ed Bastian said last week on an earnings call that demand remains very strong for air travel.

© Reuters. FILE PHOTO: Passengers are seen at the Delta Air Lines check in area before their flights at Hartsfield-Jackson Atlanta International Airport in Atlanta, Georgia, U.S. June 28, 2022. REUTERS/Elijah Nouvelage

"After two years of delaying travel, it is clear that consumers are getting out and traveling the world," Bastian said. "Business travel continues to recover in line with our expectations as bookings have improved after Labor Day and companies reconnect with their teams and their customers."

Airlines for America, an industry trade group, said as of early October the number of flights flown by major carriers remains down about 15%, while the number of passengers is down 6-7% over pre-pandemic levels.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.