According to airlines, travel demand rebounded faster than they expected. It is a positive trend that the industry welcomes as it struggles with how to transfer a rising fuel cost to their customers.

Delta Air LinesIt stated that first quarter sales would be 78% higher than in 2019, up from the January forecast for 72% recovery.

To show the extent of their recovery since the pandemic, airlines have been compiling revenue and capacity up to 2019.

United AirlinesIt stated that it expected first quarter revenue to be “near the better end of guidance” for a 75%-80% recovery from three year earlier.

In premarket trading, shares rose by 5% for each of these carriers.

United stated in a filing that system bookings for future travel had improved by close to 40% since the beginning of 2022, while business traffic increased over 30% since January 2022’s peak Omicron effect.

Southwest AirlinesIt raised its revenue outlook by as high as 92%, a significant increase from the 2019 levels. In premarket trading, Southwest shares rose 3.5%

This story is still in development. Stay tuned for new updates.