As vaccinations increase and the reopening continues, the battered travel industry is getting back in the air. But unsurprisingly, the recovery is once again K-shaped — some sub-sectors are doing much better than others.
According to Jefferies senior research analyst Sheila Kahyaoglu, total U.S. airline traffic is around 40% of what it was at the same time in 2019. But the difference between destinations is stark: international is down 67% and domestic is only 22% lower.
“International is…
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