Domestic revenue growth implied by cumulative US agency ticket sales
Domestic continues to improve albeit at a more modest pace than last few weeks
We have sliced our data to give a glimpse of what weekly booking trends (vs. prior year) look like vs. cumulative booking trends (for any given month). When we take away the cumulative construct for bookings, the domestic data continues to show measureable improvement from the near-zero level of 5-6 weeks ago but international bookings remain down ~95% still. For example, looking at the domestic data for the most recent June week, we are able to strip out the 2020 week over 2019 week comparison and see near-in bookings and revenue trends down 83% and 88%, respectively, which is an improvement from the 84% and 90% equivalent data last week, but reflective of a slowdown in the rate of improvement in recent weeks. Cumulative booking trends (for all periods including the most recent week) remain down 50-70% across most regions but will likely continue to worsen and approach -70% as the remainder of the booking curve fills out.