Notably, Delta CEO Ed Bastian stated in an interview that bookings have stabilized following demand erosion earlier this year. Per the head executive’s remarks, people are still taking to the air — it’s just that they’re shifting booking patterns amid broader economic challenges.

The way the broader S&P 500 index has been headed lately (higher and higher) brings about a new narrative importance for markets to justify today’s valuations and the assumptions that need to become true if the entire market is set to keep going.