Airline Stocks Face Flat Q2—But 1 Thing Could Lift Them

Bank of America Securities (BofA) outlined a second-quarter 2025 earnings preview for airline companies in an investor note on Tuesday, with a focus on second-half 2025 capacity.

Analyst Andrew Didora notes airline management teams have highlighted stability throughout the second quarter 2025.

BofA adds, “As such, we expect 2Q25 results to be largely in line with outlooks.”

Looking at trends into the third quarter of 2025, Transportation Security Administration (TSA) throughput has been down, while BAC aggregated debit and credit card data for airline spend has been down slightly more in June than in April/May.

Also Read: Runway Ready: Can Aviation Safety Tech Be The Next Frontier For Aerospace ETFs?

So the analyst does not expect a meaningful sequential improvement in revenue trends.

“We believe investors will be looking for commentary on any green shoots in demand, and any further commentary on 2H25 capacity cuts could be viewed positively,” he added.

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