Just a thought. Keep an eye on bookings - route increases / decreases on Southwest Airlines to determine how well the airline industry is doing un the USA. Isn't Southwest Airlines the airfare leader?
WN said yesterday that next year will be an enormous year for the airline, as the are looking to exercise all their options on inducting new aircraft.
Yeah WN is the airfare leader though, the US3 base their domestic pricing off of what WN does.
What would really be helpful is a chart that showed monthly or quarterly cost per available seat mile and revenue per available seat mile by airline. Are those readily available?
Can't compare monthly since its reported on a quarterly basis.
Q3 2021 comparisons coming next month will be useful, but any comparison from Q2 2020->Q2 2021 will be wonky since seat blocking was in place for at least one airline, which throws off the ASM values in the CASM/RASM calculations.
Thank you for this. This does show there is a huge disparity between cities. All cities are way down, but some much more than others.
20 points is significant, but not a "huge disparity." What is huge, is that more than half of office workers in Dallas, Houston and Austin are working remotely, in spite of a multitude of comments within this thread that things are back to normal in Texas.
It gives a good indication which markets will be fastest to return to the office in larger numbers. Texas is harder hit in this stage of the pandemic than California or New York, yet a much larger portion of the population is working from the office.
Can you provide documentation of that statistic? I would bet that is going to vary drastically by region.
Per WSJ story 2 days ago;Offices in 10 major U.S. cities were just 33.1% occupied in the week ending Aug. 25, according to Kastle Systems, an access-control company that tracks how many people swipe into buildings. That figure is a slight increase over the prior week but down from a 34.8% peak in late July.
In New York and San Francisco, the two worst markets among the 10 major metros tracked by Kastle, occupancy rates were a mere 22.3% and 19.7%, respectively.https://www.wsj.com/articles/office-occ ... 1631016001
Note, these are occupancy rates from one
access control company only covering 2,000 buildings across the entire US.
I'd use these numbers as a rough gauge to compare which markets are recovering fastest by occupancy rates, because similar companies have different numbers given we are talking about relatively small sample sizes considering there are millions of office buildings in the US.
For example, Brivio says:
"Despite a slight uptick since the start of the year, office use in major markets remains just a fraction of pre-pandemic averages from the first quarter of 2020 — 38 percent in New York, 49 percent in Chicago and 62 percent in Los Angeles, according to anonymized data from Brivo."https://therealdeal.com/issues_articles/delta-force/