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Travel Stocks Charge Higher Ahead of Peak Season

Published by: dailynews
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The U.S. travel industry has recovered from the impact of Covid-19. Its stock-price recovery is still a work in progress.

Americans are once again boarding flights in numbers similar to prepandemic levels. About 2.3 million passengers, on average, have passed through U.S. airports each day this year, according to data from the Transportation Security Administration. That is on par with the daily average in 2019.

Demand for domestic leisure travel soared after the worst of the pandemic as flexible work schedules became more common. Meanwhile, business travel and international demand have been slower to recover, said Michael Bellisario, senior hotels analyst at Baird.

Read the full story on The Wall Street Journal here.