Easing restrictions will boost U.S. airlines but business travel still unclear

  • 📰 Reuters
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 97%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

U.S. airlines will benefit from the Biden administration's decision on Monday to reopen the country to fully-vaccinated air travelers from around the world, experts said, but the outlook for lucrative business travel was less certain.

Moody's Investors Service estimates the White House decision would result in a "stronger" operating cash flow at U.S. airlines in the next six months.

Scarola added "the international category has been the one that really hasn't recovered much at all." CEO Doug Parker said American Airlines was "looking forward to welcoming more customers back to easy, seamless international trips for business, for leisure, and to reconnect with family and friends."

Savanthi Syth, an analyst at Raymond James, called the White House's decision an "incremental positive" that would give U.S. carriers clarity for next year's summer travel season. Yet it did not prompt her to revise her financial estimates for them or the outlook for air-travel.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

good luck

Australia Australia Latest News, Australia Australia Headlines