American Airlines Sees A Recovery And Bets On Florida In July — Shares Rise 19%

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American Airlines Sees A Recovery And Bets On Florida In July — Shares Rise 19%
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American Airlines said Thursday that it sees strong summer travel demand and will boost its July schedule, with the increase focused on flights to Florida and other leisure destinations from its hubs in Charlotte and Dallas.

“We are seeing a lot of demand,” said Brian Znotins, American vice president of network and schedule planning, in an interview. “Bookings are coming in at a good pace. We are seeing demand especially to leisure points and visiting friends and relatives.”

That strategy has resulted in oddities such as this: In the absence of service between Calgary and San Francisco, the only semi-logical way to fly between the two destinations has been Calgary-Dallas-San Francisco, Znotins said. Charlotte-Florida service has a particular emphasis in American’s service. Because of its Miami hub, American has long been the biggest airline in Florida, while Charlotte is the second biggest Southeast hub, after Atlanta.

The schedule was prompted by the impending opening of theme parks in Florida and national parks in the West. Walt Disney World in Orlando has said it plans a phased reopening of four key attractions between July 11 and July 15. In the fourth quarter of 2019, American derived just 25% of its passenger revenue from international operations, while Delta was at 26% and United was at 36%.

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