Worst Recovery Ever: To Soothe Investor Pain, Government Agency TSA Hypes Airline Stocks in Chilling PR Stunt

by Wolf Richter
Wolf Street

What the TSA said in its PR stunt and what it forgot to say.

Our dear stock jockeys drove up airline stocks this morning after the TSA said in a press release – reported by the gushing media – that it “screened over 1 million passengers Sunday, representing the highest number of passengers screened at TSA checkpoints since March 17, 2020,” and that it “screened 6.1 million passengers at checkpoints nationwide during the week (Mon., Oct. 12 through Sun., Oct. 18). That weekly volume also represents the highest weekly volume for TSA since the start of the COVID-19 pandemic.”

OK, that wasn’t “6.1 million” but actually 6.01 million, according to the TSA’s own daily figures. But fine, a typo by some underling. Happens to me too. We won’t quibble over typos. And the media that reported on this didn’t add up the numbers either, but reprinted the typo. OK, happens.

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