No V-Shaped Recovery for Airlines. Ticket Sales Slide Again. United Announces 36,000 “Involuntary Furloughs”

by Wolf Richter
Wolf Street

“Increase in Covid-19 cases negatively impacting industry demand”: United

With Covid-19 cases surging in the US and in other countries, airline industry ticket sales for both domestic and international flights are declining again, as demand has turned south, according to a presentation to employees by United Airlines, filed with the SEC on July 7.

UA’s presentation included the two charts below of new ticket sales for future travel, by “all carriers and sales channels,” based on data by Direct Data Solutions (DDS) through July 2. They show the percentage decline in industry-wide ticket sales for domestic and international travel from the same period last year (in a 7-day moving average). The charts are titled, “Increase in Covid-19 cases negatively impacting industry demand”:

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