Flying Through the Holiday

November 29, 2021

A number of people are demonstrating growing confidence in travel and gatherings. CNBC reports that:

“U.S. airlines over Thanksgiving week had some of their busiest days since before the coronavirus was declared a pandemic as travelers returned in droves to reunite with family after a subdued holiday last year.

The Transportation Security Administration screened nearly 2.5 million people on Sunday, the most since Feb. 15, 2020. That was about 15% below the number of people the TSA screened two years earlier. From Nov. 22 through Sunday 14.4 million people passed through TSA, more than double the 6.4 million a year ago but down from 16.4 million in 2019."

However, headwinds are out there and persist. The COVID omicron variant is making its way around the globe and is concerning. However, Pfizer CEO Albert Bourla said he has a “very high level of confidence” that the company’s COVID treatment pill is effective against omicron. On Friday, Moderna, Johnson & Johnson, and AstraZeneca said they too are investigating and testing options that challenge the new variant.

Uniquely Delaware

Fly ILG

Wilmington Airport (ILG) is the largest airport operated by the Delaware River & Bay Authority with three major runways, ten taxiways, and several aircraft parking ramps. Last month, ILG boarded their 10,000th passenger since Frontier began air service in February.

News You Can Use

We open the week with remarks from Federal Reserve Chair Jerome Powell and New York Fed President John Williams. On Tuesday, we’ll see September results from the S&P Case-Shiller home price index and November consumer confidence index data. Wednesday brings us the ADP employment report for November, manufacturing results from November, and construction spending results from October. Fed Chair Powell and Treasury Secretary Yellen testify on the CARES Act too. More Fed President speeches on Thursday, and we wrap up a busy week on Friday with the disclosure of November unemployment rate, average hourly earnings from November, and October factory orders.

Hewlett-Packard, Salesforce, Five Below, Build-A-Bear, Toronto-Dominion Bank, Kroger, and Dollar General are among the companies with earnings calls this week.

Michael J. Quaranta

President

Delaware State Chamber of Commerce

Since the first organizational meeting in 1963, the Delaware River & Bay Authority has been proud to connect the people and places in the heart of the Northeast Corridor.