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Significant progress on the vaccination front and the gradual easing of travel restrictions are driving a strong rebound in demand for air travel. Consequently, the airline industry is expected to recover some of its pandemic-led losses in the near term. Analysts expect the global RPKs (Revenue Passenger Kilometers) to improve by 50% in 2021. The rising demand for travel should allow AAL and ALK to improve their financials in the coming months.
AAL has gained 42.2% over the past six months, while ALK has returned 16.8% over this period. Also, AAL’s 40% gains year-to-date compare with ALK’s 16.5%. But, in terms of their past year’s performance, AAL is the winner with 93.9% gains versus ALK’s 72.7%.
