8.76 million travelers passed through U.S. Transportation Security Agency (TSA) checkpoints throughout the course of the four-day Labor Day weekend, exceeding 2019 levels.
After Labor Day, however, the demand for travel tends to decline, leaving carriers mostly dependent on business passengers. Senior vice president of United Airlines Patrick Quayle: “It doesn’t seem like summer is over yet.” After the firm increased its full-year adjusted operating margin projection, shares of United Airlines were up 3.75% at $37.93 in afternoon trade.
With rising tickets, the airline sector has been trying to counteract inflationary pressure by depending on robust customer demand. However, as consumer demand falls, experts and investors are unsure whether carriers would still have the same pricing leverage.