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This video was made possible by HelloFresh. Go to HelloFresh.com and use code Wendover14 to get 14 free meals, plus free shipping. Air travel is back with an asterisk. In 2019, 79,332,046 people passed through TSA checkpoints in the month of July. In 2021, 63,118,017 didrepresenting an 80% demand recovery. This blows away most expert forecasts from 2020, and is a remarkable number considering international travel, and certainly international tourism, is still nearly nonexistent. In Europe, air traffic has recovered to around 70% of 2019 levels. In China, the number of scheduled seats has already surpassed 2019 numberstheyre beyond 100% recovery. So, the US, Europe, and Chinathe worlds three largest aviation marketshave experienced recoveries beyond the most bullish expectations. But now, the asterisk. In the second financial quarter of 2019, United Airlines earned $11,402,000,000 in operating revenue. In the same quarter of 2021, however, just $5,471,000,000about 48% of the 20
