U.S. airline Allegiant sees strong demand lasting beyond summer

Reuters

Published Jun 17, 2022 09:14AM ET

(Reuters) - Leisure airline Allegiant Travel Co said on Friday bookings beyond the summer travel season were trending above pre-pandemic levels, an early sign that demand was holding steady in the face of rising inflation.

The U.S. airline industry has been bullish about its prospects this year, with Delta Air Lines Inc (NYSE:DAL) and United Airlines saying that a switch in consumer spending to services from goods would keep their businesses humming despite the highest price pressures in four decades.

"Demand strength continues to persist with forward bookings outpacing future capacity growth," Allegiant said in a statement.