Issue Summary

More carriers reported their third-quarter earnings and, for most, it was a tale of two quarters: Strong demand in July and a precipitous drop in September as a new surge in Covid-19 sapped demand. Even Volaris, which now says it is in a better shape than it was before the pandemic, said the Delta variant eroded customer confidence. But the fourth quarter looks good, with holiday demand remaining strong. And most airline CEOs think road warriors will return in force in January. Are they right? Prior predictions haven't been borne out but maybe, with vaccinations becoming more widespread and offices…