Epoxy
October 19, 2020
Airline Passengers Top One Million on Sunday
TSA Passenger Traffic Tops One Million Sunday As Return To Normalcy Continues
by Tyler Durden Mon, 10/19/2020 – 15:35
Shares of US airlines lifted off Monday morning after data this past weekend showed passenger numbers hit seven-month highs as air travelers take advantage of super low-cost airfare despite the reemergence of COVID-19.
TSA published a press release early Monday saying it “screened over 1 million passengers Sunday, representing the highest number of passengers screened at TSA checkpoints since March 17, 2020.”
The release continued: “In addition to screening one million passengers in a single day, TSA screened 6.1 million passengers at checkpoints nationwide during the week (Mon., October 12 through Sun., October 18). That weekly volume also represents the highest weekly volume for TSA since the start of the COVID-19 pandemic.”h/t Reuters
According to TSA spokesperson Lisa Farbstein, airport security checkpoints nationwide screened 1,031,505 people on Sunday – this is still 60% lower than one year ago. https://platform.twitter.com/embed/index.html?dnt=false&embedId=twitter-widget-0&frame=false&hideCard=false&hideThread=false&id=1318157136602550274&lang=en&origin=https%3A%2F%2Fwww.zerohedge.com%2Fpersonal-finance%2Ftsa-passenger-traffic-tops-million-sunday-return-normalcy-continues&siteScreenName=zerohedge&theme=light&widgetsVersion=ed20a2b%3A1601588405575&width=550px
TSA numbers this month show a return to normalcy, about eight months since the virus pandemic began. So far, the numbers this month show a rapid increase in travelers:
- Oct. 18 – 1,031,505 people screened
- October 14 – 717,940 people screened
- October 7 – 668,519 people screened
Readers may recall the lowest number of people screened at US airports was 87,534 on April 14, during lockdowns, where much of the airline and travel and tourism industry ground to a halt.
The increase in air travel has occurred as US virus cases topped 70,000 last Friday, the highest level since July. Single-day caseload records were seen in Wyoming, Minnesota, Wisconsin, West Virginia, North Dakota, Indiana, New Mexico, Utah, and Colorado.
As we’ve pointed out to our millennial readership, roundtrip airfare has never been cheaper – and with the virus mainly affecting the older segments of the population – now could be the time to travel.
Goldman Sach’s Jan Hatzius compiled travel and tourism high-frequency data that suggests US air travel is steadily increasing from the April-May trough. US international passenger arrivals at the top five airports are also rising. Global air travel has rebounded as well.
Another proxy of the travel and tourism rebound is Airbnb searches, which rebounded and recovered back to the February baseline but have since slumped into fall.
Robinhood traders have spent the last seven months panic buying JETS ETF, with hopes the airline industry will recover in a “V-shaped” fashion.
The question traders have on their mind: How long will it take for the airline industry to recover?
October 19, 2020
Airline Passengers Top One Million on Sunday
TSA Passenger Traffic Tops One Million Sunday As Return To Normalcy Continues
by Tyler Durden Mon, 10/19/2020 – 15:35
Shares of US airlines lifted off Monday morning after data this past weekend showed passenger numbers hit seven-month highs as air travelers take advantage of super low-cost airfare despite the reemergence of COVID-19.
TSA published a press release early Monday saying it “screened over 1 million passengers Sunday, representing the highest number of passengers screened at TSA checkpoints since March 17, 2020.”
The release continued: “In addition to screening one million passengers in a single day, TSA screened 6.1 million passengers at checkpoints nationwide during the week (Mon., October 12 through Sun., October 18). That weekly volume also represents the highest weekly volume for TSA since the start of the COVID-19 pandemic.”h/t Reuters
According to TSA spokesperson Lisa Farbstein, airport security checkpoints nationwide screened 1,031,505 people on Sunday – this is still 60% lower than one year ago. https://platform.twitter.com/embed/index.html?dnt=false&embedId=twitter-widget-0&frame=false&hideCard=false&hideThread=false&id=1318157136602550274&lang=en&origin=https%3A%2F%2Fwww.zerohedge.com%2Fpersonal-finance%2Ftsa-passenger-traffic-tops-million-sunday-return-normalcy-continues&siteScreenName=zerohedge&theme=light&widgetsVersion=ed20a2b%3A1601588405575&width=550px
TSA numbers this month show a return to normalcy, about eight months since the virus pandemic began. So far, the numbers this month show a rapid increase in travelers:
- Oct. 18 – 1,031,505 people screened
- October 14 – 717,940 people screened
- October 7 – 668,519 people screened
Readers may recall the lowest number of people screened at US airports was 87,534 on April 14, during lockdowns, where much of the airline and travel and tourism industry ground to a halt.
The increase in air travel has occurred as US virus cases topped 70,000 last Friday, the highest level since July. Single-day caseload records were seen in Wyoming, Minnesota, Wisconsin, West Virginia, North Dakota, Indiana, New Mexico, Utah, and Colorado.
As we’ve pointed out to our millennial readership, roundtrip airfare has never been cheaper – and with the virus mainly affecting the older segments of the population – now could be the time to travel.
Goldman Sach’s Jan Hatzius compiled travel and tourism high-frequency data that suggests US air travel is steadily increasing from the April-May trough. US international passenger arrivals at the top five airports are also rising. Global air travel has rebounded as well.
Another proxy of the travel and tourism rebound is Airbnb searches, which rebounded and recovered back to the February baseline but have since slumped into fall.
Robinhood traders have spent the last seven months panic buying JETS ETF, with hopes the airline industry will recover in a “V-shaped” fashion.
The question traders have on their mind: How long will it take for the airline industry to recover?
October 16, 2020
Small Business Pulse Survey
This is the result of a Census.gov small business survey conducted over the last week on the impact of COVID on small businesses across the country. You can slice and dice the results based on your interests. Enjoy!
Here’s a screen shot of one map:
October 16, 2020
Small Business Pulse Survey
This is the result of a Census.gov small business survey conducted over the last week on the impact of COVID on small businesses across the country. You can slice and dice the results based on your interests. Enjoy!
Here’s a screen shot of one map:
October 16, 2020
On My Holiday List
Airline Crew Spots ‘Guy In Jetpack’ Flying 6,000 Feet Over LAX In 2nd ‘Dangerous’ Incident
Probably available in those catalogues that compete with the airline magazines for reading during flights, or used to.
by Tyler Durden Thu, 10/15/2020 – 16:40
Another bizarre jetpack incident outside Los Angeles International Airport has left eyewitnesses and authorities scratching their heads. Recall that an initial mysterious incident over a month ago made headlines after a man soaring through the air via jetpack was seen an alarming mere 300 yards away from an American Airlines flight.
While the FBI is still investigating that first sighting, another incident occurred Wednesday, the Federal Aviation Administration has confirmed. This new spotting occurred at about 1:45pm Wednesday, with “someone in a jet pack” was seen flying near a China Airlines flight at about 6,000 feet altitude, and seven miles northwest of LAX.
Jetpack illustrative file image, via Air Live
The flight crew alerted the tower to the new sighting, which once again has spurred speculation over if it’s the same individual, or perhaps a copycat.
An official FAA statement confirmed that “A China Airlines crew reported seeing what appeared to be someone in a jet pack at an approximate altitude of 6,000 feet, about seven miles northwest of Los Angeles International Airport.” Needless to say that’s an incredibly high altitude for what remains largely an experimental technology.
“The FAA alerted local law enforcement and will look into the report,” it added.
ABC News was quick to air audio of the urgent air traffic control call on Wednesday: “Flying object? Was it a UAV or or was it a jet pack?” someone is heard saying on the call. Air traffic control can also be heard notifying a nearby aircraft:
“There was a jet pack reported about seven miles west of you. There’s no way you can go and check that out can you?”
Aviation authorities are emphasizing that it remains illegal and highly dangerous to operate a jetpack in commercial airline space.
Possibly aiding the FBI and FAA investigation is that there’s likely only a handful of operable jetpacks in the world, especially ones capable of reaching 6,000 feet, which would have to be advanced, well tested, with the flyer having vast experience.
After all, this is not something that can be picked up at a local electronics store.
Again, this narrows things down to what must be a tiny handful of elite operators who own and are experienced with such equipment.
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