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Dallas Southwest said it expects second-quarter revenue to rise 12 to 15 percent © AP

Airlines rose as investors optimized over summer travel as Southwest Airlines and JetBlue Airways raised their second-quarter guidelines.

Shares in the Southwest rose 6 percent on Thursday, while JetBlue rose 3.4 percent.

Better prospects helped lift the sector: American Airlines and United Airlines rose 7% and Delta Air Lines rose almost 6%. The broader NYSE Arca Airline Index rose 5.3 percent.

Dallas-based Southwest said it expects second-quarter revenue to grow 12 to 15 percent over the same period in 2019. period before the start of the pandemic, compared to the previous calculation of 8-12 per cent.

According to the airline, JetBlue’s orders “exceed the company’s expectations”, so the New York-based carrier expects revenue for the current three-month period to be the same or higher than its highest previous plan of 11-16 percent. with the second in 2019.

U.S. chief commercial officer Vasu Raja told a conference on Thursday that the company would wait to see what happens to air travel over the long weekend of Remembrance Day, which he said will be “the first real sign of what summer might look like.” added that the carrier is “encouraged by what we see”.

Despite optimistic comments, U.S. carriers continue to struggle with capacity constraints as demand for air travel increases.

Earlier that day, Delta cut its summer schedule by 2 percent, or 100 daily departures, mostly in the U.S. and Latin America, following similar rivals this year.

“This will increase the resilience of our system and increase the reliability of our customers and employees,” the Atlanta-based carrier said in a statement. The reduction will affect the flight schedule from July 1 to August 7.

Godfrey Kemp

"Bacon fanatic. Social media enthusiast. Music practitioner. Internet scholar. Incurable travel advocate. Wannabe web junkie. Coffeeaholic. Alcohol fanatic."

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