Ongoing international border restrictions and reduced corporate travel throughout the remainder of 2020 look likely as new coronavirus cases continue to emerge. Low-cost carriers appear better suited to operate in this turbulent environment, given their reduced exposure to foreign destinations and focus on domestic leisure markets.
Travel insurance comparison site Squaremouth said that policies purchased reveal that domestic trips account for 57% of planned travel throughout the rest of 2020, up from just 12.3% over the same period last year. Meanwhile, U.S. Travel Association CEO Roger Dow believes that vacation travelers will lead the recovery. “Our research actually says that leisure travel is going to be among the first to come back,” he said, per The Washington Post.
In recent months, budget airlines have added additional discounted flights to popular destinations to lure customers back into the skies after months of remaining cooped up at home under imposed lockdown measures. Below, we take a look at three such carriers and turn to the charts to point out possible trading opportunities.
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