After surging out of the gate this year, shares of United Continental (UAL) have had something of a bumpy ride after announcing that flight cancellations caused by the winter weather would hit its sales. Today, however, United Continental is getting a lift from reports that more passengers will fly this spring than have in six year. American Airlines (AAL) and Delta Air Lines (DAL) are also getting a boost.
AP USA Today has the details:
U.S. airlines are expected to carry more passengers this spring than they have in six years, and more international fliers during that season than ever before, according to a forecast released Wednesday by the industry’s trade group.
Airlines for America, which represents most of the major carriers in the U.S., projects that roughly 129.5 million fliers will be on board U.S. carriers in March and April. That’s the largest number since 133.7 million travelers took to the air during those months in 2008, and a 1% bump over the 128.2 million who flew last spring.
A growing chunk of those fliers will be traveling to and from the United States, with a record-setting 17.1 million passengers flying internationally.
Shares of United Continental have gained 3.4% to $46.76 at 1:45 p.m., while American Airlines has risen 1.1% to $37.75 and Delta Air Lines has advanced 0.7% to $34.68.
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