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A faster-than-expected recovery in domestic air travel is helping Boeing find new homes for its unclaimed 737 Max planes, whose buyers have moved away or collapsed during the pandemic.
Vaccine-fueled Covid-19 jets have rebounded in the United States and some other parts of the world, people familiar with the matter said, leaving the Chicago-based aircraft maker with about 10 MAX planes in stock in need of buyers. Last July, they numbered about 100.
A year ago, airlines were parking planes in deserts and some groups of their retired fleets permanently as they prepared for a prolonged slowdown. While many business travelers have yet to return, and profitable international routes are still paused, domestic air travel has been booming in recent months, US airline executives say.
Flights in the US are 84% full, on average, amid an increase in summer travel. The number of people passing daily through airport security checkpoints recently approached two million – a level last reached in March 2020. And while previous travel bounces have been cut short by new waves of infections and restrictions, airline executives are now more confident that the recovery may check. I started in earnest and their finances started to stabilize.
Airlines responded by adding flights, making plans to bring back idle crew and hiring new pilots and flight attendants. They also began to expand their fleets.
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