U.S. airlines forecast strong 2023 travel

But economic uncertainty and burgeoning labor and operations costs could cloud their rosy outlooks

Jan 27, 2023

Airlines are cashing in as consumers snap up tickets following a pandemic-induced slump, making the industry a rare bright spot as markets grasp with runaway inflation, rising interest rates and economic uncertainty.

Key takeaways

  • American Airlines Chief Executive Robert Isom said post-holiday bookings surged, underpinned by domestic and short-haul international flights;
  • The U.S. economy grew faster than expected in the fourth quarter but some analysts are warning that the pace of growth may slow;
  • China's reopening may also boost international travel, but demand remains uncertain and U.S. airlines face challenges toward cashing in.

Get the full story at Reuters

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