US airlines see no letup in travel demand despite broader economic concerns
A rush among travelers to make up for lost time during the pandemic is producing bumper airline earnings. And executives at U.S. carriers don’t see a letup in demand even as rising living costs stretch household budgets and add to worries about the industry’s pricing power.
American Airlines on Thursday raised its earnings forecast for 2023 after profit in the second quarter topped Wall Street estimates.
The Texas-based carrier is the latest to offer an upbeat outlook. United Airlines and Delta Air Lines have also raised their earnings estimates as consumers cut spending on goods in favor of experiences.
