Earnings of U.S. airlines primed to take off in the first quarter: trade body

Airlines for America (A4A) has forecast nearly a doubling of passengers carried by U.S. airlines this spring.

According to a forecast by a U.S. airlines industry trade group, starting this spring the sector is set to carry an all-time high number of passengers since increased competition have persistently lower fares making flying more accessible to the general public.

Between March 1 to April 30, Airlines for America (A4A) stated it expects airlines to carry between 150.7 million passengers to 2.47 million per day, an increase of 4% from the same period a year-ago.

This comes despite a number of season challenges and late-winter storms.

Already last week, many U.S. airlines have raised their first-quarter outlooks based on better-than-expected performances.

“An expanding economy, employment gains and surging household net worth are also contributing to the growth in demand for air travel,” said John Heimlich, A4A’s Chief Economist in a statement.

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