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IPFS News Link • Transportation: Air Travel

Sunday Air Travel Broke Records

• https://www.zerohedge.com, by Tyler Durden

"BREAKING NEWS: Yesterday (Nov. 26), TSA screened just over 2.9M individuals at airports nationwide, which represents an agency record – the busiest day ever for air travel," TSA wrote on X. 

Data via Bloomberg shows the number of people passing through security checkpoints at airports was 2.9 million, surpassing pre-Covid levels (2019) and hitting a record high. 

Despite the news, airline stocks failed to rally on the news and remained at levels seen during the Covid era. This lackluster performance is mainly attributed to the waning of 'revenge travel' and the increasing fuel costs that are squeezing profit margins.

Additionally, despite the severe pilot and air traffic controllers shortage that has disrupted the industry throughout the year, there were no significant delays reported yesterday.

Great job, Transportation Secretary Pete Buttigieg! You're still employed. 


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