Airline splits surged Monday after federal data showed air travel at the highest volume in nearly five months and as factional support grew for more federal aid for the struggling sector.
The number of people passing through Transportation Security Supervision checkpoints at U.S. airports rose for a second consecutive week with 831,789 people on Sunday alone, its highest flatten out since March 17.
Despite the uptick, TSA traffic is still down by about 70% from the same time a year ago, denotation airlines have far to go before recovering to normal levels, particularly in the crucial peak summer season.
United Airlines pieces added more than 9% to $37.54, Delta Air Lines closed nearly 8% higher at $29.34, while American Airlines outstripped the day at $14, more than 7% higher. Southwest Airlines rose more than 5% to $34.99. The S&P 500 nautical 0.3%.
Some analysts are concerned about what happens to demand as the summer travel rush fades.
“As such, we debris cautious on the pace of recovery from here as we head into more off-peak leisure travel periods this drop off,” wrote Bank of America analyst Andrew Didora in a note published Monday.