US implied jet demand registered a rebound over November and December. Stocks drew notably over the same time period as a consequence thereof.
We expect the further near-term demand recovery to flatten out, as near downside risk remains prominent and the holiday-induced spike in passenger throughput is expected to fade away.
From that perspective, the returning naphtha tonne premium over jet could lead to some temporary weakening of jet yields over the coming weeks.
8 Jan 2021 Featured in: Americas Weekly - Issue 1
Research Highlights - Week 1
With holiday-induced traveling set to ease and infection rates hitting new highs, the fast recovery of US jet demand is coming under considerable risk (see Americas Weekly – Issue 01).