Could the major U.S. airlines swing to a profit in the holiday quarter?

The holiday season is upon us, and historically, it’s when travel and tourism is at its peak. But CNBC’s Phil LeBeau says it wouldn’t be surprising if the major airlines still remained in loss in Q4.

LeBeau’s remarks on CNBC’s ‘Squawk Box’

On “Squawk Box”, LeBeau said the surge in jet fuel prices could delay the sustainable return of the big four U.S. airlines to profitability.

He, however, confirmed that it might not be a “huge loss”. On the flip side, the airlines are on a hiring spree as they ramped up their schedules for the holiday season. The cost per available seat mile (CASM), LeBeau added, has also come up “dramatically”.

Number of people screened could top 2019 figure today

LeBeau expects the Transportation Security Administration (TSA) to screen more people today than it did a day before Thanksgiving in 2019. He added:

The TSA has screened over 2.0 million people over the past five days straight, and the CNBC reporter expects that number to climb further to near 2.4 million today. Passenger levels, he added, have been improving month after month, with it down 21% on a year-over-two-year basis in October and 19% in the first half of November.