Not even the upcoming holidays – arguably the most profitable five-week window in aviation – can help the airlines.
Carriers are reporting that bookings, already down 65 percent compared to what they were in 2019 at this time, have stalled in the face of a worldwide surge of COVID-19.
That would be devastating to an industry already suffering the financial consequences of the virus since March of this year and still waiting for Congress to agree on a second stimulus package so the airlines can continue to keep flying.
But the plague continues at an even stronger pace. The U.S. set a new single-day record for positive test results on Friday with 196,000 cases
United Airlines warned Thursday that bookings have slowed and cancellations…