Thread by @OpenSquareCap

1/3 Thread: US vaccinations on a tear. Assuming 80% of those over 65 want a vaccine (it's never going to be everyone), over 84% have already received 1 dose. For those over 18 yrs old, (assuming 70%), we're at 43%. We're effectively done in April. Happy Easter. #oil #OOTT

2/3 US really regaining confidence on travel...1.4M passengers through TSA screening on Thursday. We likely avg that on a 7 day basis next week (or close). Airlines starting to hit their stride (domestic travel in US). Global flight data also showing improvements.

3/3 Explains the press releases by the airlines of late:
$UAL, $LUV, $JBLU (all SEC Form 8-K filings, small redactions for brevity)

$UAL 3/15
United Airlines “has seen improvement in customer demand for travel and new bookings compared to previous estimations in recent weeks . . . . If the current rate of improvement in bookings continues, the Company expects core cash flow to be positive moving forward.

$LUV 3/15
[C]ompany has cont'd to experience an improvement in leisure passenger bookings with beach & other nature-inspired destinations continuing to outperform other regions . . . . [C]ompany has recently experienced an increase in bookings farther out in the booking curve

$JBLU 3/15
Although booking trends remain choppy, in recent weeks JetBlue has experienced an improvement in bookings by leisure and visiting friends and relatives ("VFR") customers.