BofA Seat Tracker: May through September growth remains flat

Research evidence excerpt

BofA Seat Tracker: May through September growth remains flat

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Airlines

BofA Seat Tracker: May through

September growth remains flat

Industry Overview

BofA Seat Tracker tracks weekly changes in capacity 22 June 2026

In this report, we track weekly system changes by carrier and outline monthly capacity Equity

by domestic, Europe, Latin America, and Asia Pacific regions. We also include changes in United States

the Canadian market on a regional basis, as well as key domestic and leisure markets. Airlines

3Q26 domestic growth flat, UAL adds to 4Q26 growth AndrewResearch G.AnalystDidora, CFA

3Q26 domestic growth ticked down slightly this week to +0.2%, from +0.3% last week, BofAS

+1 646 855 2924

driven by marginal reductions from LUV and ALGT, while ULCC trimmed growth to andrew.didora@bofa.com

+21.9% from +23.3%. Since early April, 3Q26 scheduled domestic capacity growth has John Gellene, CFA

now been reduced by -390bps, significantly exceeding the -150bps average reduction Research Analyst

BofAS

observed over the past 6 quarters, as elevated fuel prices drove more significant cuts. +1 646 855 5193

Over the same period, 2Q26 domestic growth has been reduced by -180bps to +0.1%, john.gellene@bofa.com

well above the average -20bps reduction once a quarter is underway, though Spirit’s

cessation accounted for -90bps of the decline. As fuel prices have moderated, we will be

DAL – Delta Air Lineswatching 4Q26 capacity. UAL added October/November capacity this week, with

industry domestic growth now +4.6%/+6.5%, but we expect this to moderate over time. AAL – American Airlines

UAL trims Pacific; Latin America slightly reduced UAL – United Airlines

International changes this week were greatest in Latin America, while UAL also reduced LUV – Southwest Airlines