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Benzinga
Benzinga
Business
Akanksha Bakshi

Higher Airfares Are Sticking After Spring Price Hikes, Analyst Says

BofA Bank of America JetBlue AAL Alaska ALGT ALK Allegiant American DAL
Airplane,In,The,Flight,,Travel,Background,With,Airplane,Flying,In

Bank of America Securities (BofA) analyst Andrew G. Didora has adopted a more positive outlook on U.S. airlines ahead of second-quarter earnings, citing strong demand, stable fares, and lower fuel prices as key sector supports.

BofA noted that spring fare increases have mostly persisted, and stable summer capacity is expected to support unit revenue through the third quarter.

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