by Wolf Richter
Wolf Street
But don’t fear for airline shareholders & creditors; they get to benefit from another $15 billion via “Taxpayer Capitalism.”
The days around the Christmas holidays have always been huge for leisure travel. Last year was huge too. But this year, with all the discouragements about traveling, the exhortations to stay at home, and with lots of people refusing to set foot inside an airport?
TSA checkpoint screenings of passengers that entered the secured areas at US airports during the Christmas travel period from Friday, December 18, through Sunday, December 28, ranged from 616,000 on Christmas Day to 1.28 million yesterday, the largest day since the collapse of airline traffic in March. But that biggest day yesterday was still down by 50% from Sunday after Christmas last year (2.58 million).