American Airlines provide confident market update

In a market update, American Airlines stated that it has experienced “continued strength in net bookings and load factors”. As of June 2, American’s seven day moving average of its net bookings was approximately 90% of the level experienced in the same period of 2019. And its domestic load factor for the month of May was approximately 84% and greater than 88% over the Memorial Day holiday. American says that it expects this strength in bookings to “continue through the end of the second quarter and into the third quarter and, assuming continuation of current trends, expects leisure yields to