The number of people flying in the United States has eclipsed the year-ago level for the first time in the pandemic period, although travel remains deeply depressed from 2019.
The Transportation Security Administration said 1.34 million people passed through U.S. airport checkpoints on Sunday, topping the 1.26 million people that TSA screened on the comparable Sunday a year ago.
It marked the fourth straight day that TSA saw more than 1 million people pass through its checkpoints — Friday was a new peak, nearly 1.36 million. The seven-day moving average of TSA traffic hit its highest level since March 2020, when travel was collapsing as COVID-19 spread rapidly.
However, Sunday's screenings were still 45% lower than on the comparable day in 2019, and screenings in March are running 53% lower than the same period two years ago.
Several airlines report that after dismal sales in January and February, more people have bought tickets to travel in spring or summer as infection rates decline and more people get vaccinated against COVID-19 — about 70 million Americans have received at least one dose and 37 million have completed their vaccination, according to government figures.
Delta Air Lines CEO Ed Bastian said Monday that bookings began picking up five or six weeks ago.
Since the pandemic hit, air travel has picked up a few times — mostly around holidays — only to drop back down. This time, the recovery “seems like it's real,” Bastian said on a J.P. Morgan investor conference.
United Airlines CEO Scott Kirby said his airline will generate “core” cash instead of burning cash for March, and he expects the positive trend to continue in the months ahead.
Southwest Airlines said revenue for March and April will be better than expected as passenger traffic and fares rise. The airline said people are booking leisure trips to beach and mountain destinations but business travel is still lagging.
Airline stocks rose in late-morning trading. United and American Airlines rose about 9%, Delta gained more than 4% and Southwest Airlines added 1%.
After the 2021 boom, IPO activity slowed down significantly, in part due to monetary policy – but things are getting moving again with tech-friendly companies like Iboutta and Rubrik making a public debut.
With an increasing demand for mental health services, one person wanted to change the therapy game. In 2017, CEO Alex Katz founded Two Chairs, a company that uses technology to match patients with the right therapist.
Not only is April Financial Literacy Month, it’s also the kickoff of the spring homebuying season. So now is the time to make sure you have a financial plan in place – and why it might not be wise for that to include buying your first home.
While the U.S. may slowly be on the path to lowering inflation (and therefore interest rates), Europe has thoroughly trounced America, putting it on the path to lower rates by this summer.
April's release of the monthly Housing Starts and Building Permits reports by the Census Bureau provides crucial insights into the construction activity in the housing market. These reports are an economic indicator, shedding light on the current state of the housing market and its broader economic impact.
Caitlin Clark is heading to the Indiana Fever, the number one draft pick and the highest-scoring college basketball player of all time. And while she may not be getting millions from the WNBA, there's a few ways she'll net compensation for her generational talents.
Author of 'Clean Meat,' Paul Shapiro joins Cheddar to discuss how the cellular agricultural revolution helps lower rates of foodborne illness and greatly improves environmental sustainability. Plus, how his company The Better Meat Co. is bringing healthier food options to the table.
Recent headlines might make it sound like World War III is imminent, but when it comes to your finances, it's not the time to panic. The market is coming off its longest winning streak since 2011.
You may have noticed fewer new venture capital-backed startups (like Airbnb or Uber) lately. The market slowed to a crawl after 2021, but things are expected to take off again in 2025.
Corporate earnings season is underway, that time when companies share their billions in sales or double-digit profits. But the data shows even companies are struggling with high inflation and interest rates.