Airlines were some of the companies most adversely affected by the coronavirus pandemic. The news flow from the travel industry is getting better and better or at least less bad. On April 5, 2021, Sabre (SABR), one of the travel industry’s largest global distributions systems (i.e., booking services), announced that its gross air travel and hotel bookings for March had improved from January and February levels.
While bookings are still well below where they were one year ago, they are improving and are better than they have been since the coronavirus pandemic struck. The travel industry recovery is strengthening.
In raw numbers, Sabre’s gross air travel booking for March were “only” 70% below the levels of March 2020. But that number was an improvement over the 81% drop in January and 77% in February.
The latest stimulus package, the acceleration of vaccine…