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StockNews.com
Business
Shweta Kumari

Should You Consider Buying Boeing as Air Travel Rebounds?

Air travel is making a remarkable comeback. The U.S. Transportation Security Administration (TSA) recently broke its record by screening 2.99 million passengers in a single day, and it’s poised to surpass the 3 million mark soon. This summer is predicted to be the busiest ever, with the TSA gearing up to screen 32 million travelers over the July 4th holiday period, marking an increase of more than 5% from last year.

Globally, the skies are just as busy. The International Air Transport Association (IATA) reported an 11% increase in global passenger demand for April 2024 compared to last year, with international demand rising by 15.8% and domestic demand by 4%. This growth is fueled by strong international demand and advances in airport technology, from digitization to contactless travel.

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