Issue Summary

The devastated airline industry continues its comeback, in some respects faster than expected. American, for one, is adding back flights at a rather bullish pace, chasing the small bursts of leisure and family-visit demand now crawling out of its cave. Beachgoers are returning to Florida. Other Americans are headed to the mountains. For an airline more dependent on international traffic, premium traffic, and business traffic, however, a meaningful comeback isn’t yet happening. Here’s looking at you, Lufthansa.