U.S. airlines will benefit from the Biden administration's decision on Monday to reopen the country to fully-vaccinated air travelers from around the world, experts said, but the outlook for lucrative business travel was less certain.
Moody's Investors Service estimates the White House decision would result in a "stronger" operating cash flow at U.S. airlines in the next six months.
Scarola added "the international category has been the one that really hasn't recovered much at all." CEO Doug Parker said American Airlines was "looking forward to welcoming more customers back to easy, seamless international trips for business, for leisure, and to reconnect with family and friends."
Savanthi Syth, an analyst at Raymond James, called the White House's decision an "incremental positive" that would give U.S. carriers clarity for next year's summer travel season. Yet it did not prompt her to revise her financial estimates for them or the outlook for air-travel.
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