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Dow Jones Industrial Average

Airline inventories turn higher after TSA data shows rise in traveler demand to make 2-week dip

Airline inventories typically rose higher on Monday, after the U.S. Transportation Security Administration (TSA) showed demand for travel recovered to bring about a two-week drop. The US Global Jets ETF rose 0.8% during afternoon trading, reversing a previous loss of a whopping 1.8%. Among the more active airlines, the shares of American Airlines Group Inc. increased. with 0.1%, United Airliens Holdings Inc. increased by 2.0%, Delta Air Lines Inc. increased by 1.5%, Spirit Airlines Inc. decreased by 1.9%, JetBlue Airways Corp. lost 2.5%% and Southwest Airlines Co. stuck at 2.6%. The daily average number of travelers passing through the TSA checkpoints for the week ending Sunday was 686,360, according to a MarketWatch analysis of TSA data, up from 660,931 for the week ending July 26, down compared to 664,022 for the week ending July 19. that the daily average had risen for 12 consecutive weeks since bottoming at 97,799 for the week ending April 19. And on Sunday alone, 799,681 travelers passed through TSA checkpoints, most in one day since March 17, shortly after COVID. 19 pandemic blockades began. Jets ETF has fallen 50.6% to date, while the S&P 500 has risen 2.2%.