After years of COVID-induced lockdowns and grounded fleets, Airlines are now dealing with surging Oil prices and a lack of trained labour to process passengers – certainly a tough business to run! However, results from American Airlines overnight showed improvement in terms of both demand and pricing. Sales over the quarter were ‘only’ 16% below levels seen pre-pandemic which was a touch better than expected however they’re also managing to raise fares, which is a positive sign for the broader aviation and travel industry, a solid read-through for Qantas (QAN).
MM is bullish AAL ~US$19
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