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Clear Skies for Travel Industry Profits

Posted June 22, 2022

Ray Blanco

By Ray Blanco

Clear Skies for Travel Industry Profits

We’re officially two days into summer! That means people are getting ready to embark on vacations all across the globe. 

However, it seems like it's all bad news for airlines when you tune in to the news.

Between flight delays, cancellation pile up, pilot shortages, and more, it’s easy to feel negative about airline stocks.

But I think the opposite… 

To me, airliners have plenty of good on the horizon.

With thousands of cancellations last weekend, it looks like this summer might not be so rosy for air travelers. However, that doesn’t mean airlines aren’t going to do great over the period.

As I’ve mentioned in the past, travel is booming as folks get out and about this summer. That boom extends to airlines.

In fact, for some US airlines, 2022 might turn out to be a very profitable year, despite high fuel prices and employee shortages cutting into capacity. The pent-up travel demand has the International Air Transport Association forecasting net profits for domestic airlines to be $8.8 billion this year, putting in a much better performance than their foreign peers.

Some airliners are reporting expectations that second-quarter operating revenues should be a solid amount higher than they were in 2019 before the pandemic hit. 

Moreover, airliners are also reporting that bookings remain strong, which bodes well for the summer of 2022, now just starting to get underway.

Still, shares of various airliner companies have been trading down since earlier this month, I suspect because of the negative publicity of tight travel schedules and massive cancellations hitting the industry.

However, under the surface, it’s a boom time for airlines after the COVID-19 bust when everyone stayed home. It’s a great time to pick up shares for cheap.

To a bright future,

Ray Blanco

Ray Blanco
Chief Technology Expert, Technology Profits Daily
AskRay@StPaulResearch.com

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