Trefis expects Southwest Airlines (NYSE: LUV) Average Occupancy Rate – which is the percentage of seats occupied by revenue-paying passengers in a flight – to increase from levels of about 52% in 2020 to about 62% in 2021 and 67% in 2022.
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The progress with mass vaccination programs and lower Covid-19 cases in the U.S. is leading to a gradual recovery in air passenger numbers in the U.S.
The airline industry was particularly badly hit by Covid-19, but things are only likely to get better from here. Over the first two weeks of May 2021, TSA checkpoint travel numbers, a proxy for air travel rose by about 8x year-over-year. That said, air travel remains down by 30% to 40% from 2019 levels.
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