U.S. Airline Data Suggest Air Canada Could See Improved Business Travel -- Market Talk

Dow Jones

2024/10/25

0734 ET - Business travel is picking up speed in the U.S., and this could bode well for Air Canada. In an RBC report, James McGarragle notes that peers such as Delta Airline are logging positive trends in business travel with managed corporate travel volumes growing double digits in coastal hubs, and revenue growing by 7% year-over-year. Similarly, United Airlines saw demand increase and corporate revenues grow 13% in September, and revenues nearly reaching prepandemic levels thanks in part from return-to-office policies supporting a more positive outlook for 2025. (adriano.marchese@wsj.com)

(END) Dow Jones Newswires

October 25, 2024 07:34 ET (11:34 GMT)

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