Highest US passenger numbers since March 17.
Shares of major US airlines have surged this week after the Transportation Security Administration (TSA) reported that travellers moving through its checkpoints hit the highest level since March.
On Sunday, 831,789 people went through TSA checkpoints, keeping with the recent upward trend in passenger throughput.
On Monday, United Airlines shares added more than 9% to $37.54, Delta Air Lines closed nearly 8% higher at $29.34, while American Airlines ended the day at $14, more than 7% higher.
All airlines stocks also opened in the green on Tuesday and Wednesday.
TSA screenings are however still down over 68% compared to last year.
Many analysts remain worried with the aviation industry’s recovery as the summer travel rush fades.
“We remain cautious on the pace of recovery from here as we head into more off-peak leisure travel periods this fall,” wrote Bank of America analyst Andrew Didora.
The TSA data comes as Russia has claimed to have developed a vaccine for Covid-19 after less than two months of testing on humans.
Large-scale production of the vaccine is expected to start in September with mass vaccination beginning as early as October.
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