December 5, 2024 – 7:53 AM PST
(Reuters) – U.S. carriers Southwest Airlines (LUV.N) and American Airlines (AAL.O) lifted their fourth-quarter forecasts on Thursday, betting on buoyant domestic travel demand during the holiday season and improved pricing.
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Shares of the airlines rose in morning trading and lifted their peers, with the S&P 1500 airlines sub-index (.SPCOMAIR) hitting its highest level since June 2021.
Signaling a strong start to the travel season, the U.S. Transportation Security Administration said it had screened 3.08 million airline passengers on Sunday, the highest number ever on a single day.
U.S. airlines are set to fly more than 31 million passengers over the holiday period, up from nearly 29 million during the same period in 2023, according to trade association Airlines for…
