Now that we've wrapped up our big healthcare updates for the quarter, let's turn to a segment that is rushing towards what appears to be a full recovery.
Specifically, it's starting to feel safer and safer to say:
Travel is BACK in 2023. Airlines and destination businesses are all agreeing that we're gearing up for a spike in travel in 2023.
Seasonality in travel is shifting in some interesting ways (more on that later) but airlines are finally starting to beat their targets after a strong slate of Q1 earnings calls.
So, to kick off our travel picks for this year, let's take a look at United Airlines ($UAL) and see how they're pushing towards a strong recovery after a pretty gnarly slide during the COVID era.
Our theme from big pharma last week still stands: the market is essentially treating COVID like the pandemic is already over. That doesn't mean stocks like UAL will get back to their 2019 levels overnight, but they will spend the next few quarters building their confidence back.
There's a good bit of trends here, so let's make quick work of the details 👇