‘no recession’ in airline business

Pevita Lena

As the markets and economists brace for economic downturn, Delta Air Lines Inc. CEO Ed Bastian says he’s not concerned about a global recession given the demand the airline industry is seeing. 

“There’s no recession going on in the air travel business,” Bastian told guests at the Detroit Economic Club meeting on Friday. “If anything, there’s more demand than (we) can possibly handle. What you’re seeing is a big shift coming out of COVID.”

The industry is coming off a busy Labor Day weekend when the Transportation Security Administration screened 8.76 million travelers between Friday, Sept. 2 and Monday, Sept. 5, exceeding pre-pandemic 2019 levels, according to TSA

Delta Air Lines Inc. CEO Ed Bastian told the Detroit Economic Club Friday that the airline industry is seeing strong, sustained demand.

Delta, which uses the Detroit Metropolitan Airport as a hub, has seen a 59% year-over-year increase in passengers boarding flights there through July, according to data from the Wayne County Airport Authority. 

“We love Detroit,” Bastian said. “We love the fact that we’re your hometown airline and we’re going to stay your hometown airline and just make it better and better.”

https://www.detroitnews.com/story/business/2022/09/16/delta-ceo-detroit-economic-club-no-recession-airline-business/10399240002/

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