CHICAGO/WASHINGTON (Reuters) – The union representing pilots at Delta Air Lines <DAL.N> said Monday that 2,235 pilots volunteered for an early departure package ahead of a Sunday deadline. In May, Delta and the Air Line Pilots Association said they were working to avoid furloughs of roughly 2,300 pilots. On Friday, Delta told pilots it would avoid furloughs if they agreed to reduced guaranteed minimum pay, according to a memo seen by Reuters. As of Friday, more than 1,700 pilots had volunteered, Delta said. Nick Note: Most people are to smart to enter these aluminum tubes called death traps. If they got it you got it. Come Die with me. This is NT a V shaped recovery. Soon the other show will drop!
TSA checkpoint screenings, which track how many people enter into the security zones at US airports on a daily basis, were down -72.6% yesterday (Sunday) compared to Sunday in the same week last year, according to TSA data released this morning. This was a notch worse than Sunday last week (-71.7%). And this reversal has been playing out since early July. The seven-day moving average, which irons out the day-to-day volatility particularly around the Independence Day weekend, has edged down to -74.5%, right back where it was on July 2. The peak, so to speak – the smallest decline from the same period last year – was on July 8:
The miserably slow recovery for airlines in terms of ticket sales, from near-zero in late March and early April to some level above near-zero started backtracking in late June. United Airlines and Delta Airlines both issued early warnings about this industry-wide phenomenon that was not supposed to happen in this recovery, but is now happening.