American’s Parker says recovery imminent

American Airlines’ CE thinks the post-coronavirus rebound may have begun, noting that customers are returning in great numbers to air travel. Speaking Monday, the Fort Worth-based airline’s CEO Doug Parker struck a positive tone, saying the widespread roll-out of coronavirus vaccines, coupled with pent-up demand, will drive a strong recovery in the coming months. “The last three weeks have been the best since the beginning of the pandemic,” he says. “It feels like the beginning of a very large uptick”. “There is huge pent up demand for domestic leisure travel, and that is coming back quickly,” he adds. The airline has seen a massive increase in demand for domestic leisure travel, including from passengers visiting family and friends. That sector usually accounts for 45% of American’s business but is now accounting for much more, he says.<br/>
FlightGlobal
https://www.flightglobal.com/strategy/americans-parker-says-recovery-imminent/142901.article
3/16/21