Thanksgiving air travel rises to pandemic high — but still less than half of last year’s levels

Airlines including American and United offered some employees extra pay to handle the increase in demand, while Delta Air Lines canceled hundreds of flights because of a shortage of pilots over the holiday break, a problem the carrier said it has fixed.

Airlines have been banking on a spike in air travel over the holiday, but demand still remains a fraction of last year’s levels and executives earlier this month said ticket sales had slowed amid a spike in coronavirus cases and new warnings from health officials.

JetBlue Airways on Monday forecast its revenue would fall 70% in the fourth quarter compared with the same time last year, down from a previous forecast of a 65% drop.

“Booking trends remain volatile and the company continues to believe demand and revenue recovery will be non-linear through the fourth quarter and beyond,” the New York-based carrier said in a securities filing.

Its daily cash burn will likely average between $6 million and $8 million in the quarter, up from its earlier estimate of between $4 million and $6 million a day.