here's doug parker mesh airlines from "squawk box." let's listen to that we can talk on the other side. >> we intend to keep growing into the fourth quarter. the fourth quarter we'll be 90% of 2019 levels we're going to keep growing as demand grows we've been more aggressive than others and we're happy about that, and you know, we're now flying a lot more customers than anyone else meeting the demand that's out there and as the demand continues to grow, which we expect, we'll continue to add back capacity. >> that's doug parker, american. i suppose you're as optimistic as you can possibly be given where we've come from. >> who wants to come on and say, hey, look, this thing could be ending because a lot of the non-vaccinated people are going to get it. some will die, and -- but none of them feel like they shouldn't do everything they want, same as the uk the number -- i mean, i think these airline stocks are down today, it's probably a mistake i think after you listen to gary kelly you're going to want to buy. the people who are unvacc

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after american airlines pre-reported yesterday for revenues to come in above expectations the ceo doug parkerany is moving in, quote, the right direction as it flew 82% more customers in the second quarter than it did in the first three months of 2021 for more on what to expect from airlines earnings season, sheila caillou. we often turn to you for all things in the sky. let's see if some of this is becoming an opportunity for certain investors to get in on the action they've had a big run since the pandemic end. >> they have over the last three months and when you look at these airlines, yes, they expect sales to be, you know, 37% below 2019 levels. it's not often that you see companies trade at such low valuations when their revenues are still 30 to 50% off prior peak level to give you a taste. delta trades at 7% ebitda. that's historically where airlines traded. their earnings are 20% below prior peak airlines should be trading at higher multiples investors are not believing the earnings power in 2022, 2023 given the lack of visibility and the lack of return in international and corporate

on "squawk box" we'll talk to doug parker from american airlines and see what his outlook is they'vecity in the second quarter. what are their thoughts on what they expect to see in the second quarter. and ceo of alaskaen airlines big day for the airlines let's see what happens when we hear from three more airlines. >> we got one of our own too, phil, not to out do you. but tomorrow, we're going to have a first on cnbc, of course with gary kelly joining us 9:30 a.m certainly we'll get a good view of the airlines from all those ceos >>> a bounce back of bitcoin ahead of the big bitcoin conference featuring elon musk and cathy wood and more than erased monday's major drop s&p coming off the best day since march. >>> and what does an increasing in covid cases mean for the restaurant recovery. the pursuit is on. the pursuit of outperformance at pgim. with deep expertise to outthink across multiple asset classes, actively managing investments in the world's public and private markets. outscale, with the resources to serve 1,500 clients in 52 countries. and outlast, with long-term convicti

for the second half of this year they will be pushing the through pre-test profitability here's doug parker to get that growth in revenue, we have 80% of market capacity that's a lot of growth today we're about twice the size at the start of this year. a lot of growth. we did see in june we had some issues with that growth. as soon as we saw it we throttled back and make sure we did some pre-cancels and took care of our customers. that's all behind us >> reporter: bottom line airlines expect a trajectory that they are on right now that they experienced in the second quarter to continue in the third and fourth quarter guys, back to you. >> leb >> phil lebeau, phil, thank you. let's look at the railroads which are gaining today. frank. >> reporter: rail stocks out per performing cbx and union pacific reporting increases. one catalyst is shipping containers in the first half of 2021 that was up 18% year-over-year and 6% above 2019 both cpx and up expect to demand strong and capacity to be an issue. more than a quarter of freight move on rails and they can be a forward indicator of demand. in q

numbercomes out from american, tomorrow morning on "squawk box" we'll be talking exclusively with doug parkerange," we'll talk with the ceo of alaska airlines and, like many of the carriers, as they report these results, guys, it's not about the second quarter. it's about the outlook and what impact they are seeing in terms of the delta variant for bookings in the third and fourth quarter. >> phil lebeau, thanks for that. josh brown, we talked about how quickly the markets bounce back from the fears on monday but regardless of that and the initial dip, it seems the economic reopening pace when you hear from these airlines, you hear from hotel operators hasn't even flinched. >> here's the thing that i'm going to say that like 99% of the people won't say and the reason they won't say it is because it's unpopular politically and it's an ugly subject but we learned this in 2020 and what we learned was for most publicly traded companies, not all but most, there is a socio economic difference between their best customers being hesitant to respond or hurt versus customers in a lower income bracket w

should decide to go on the offensive against the dollar bond and been ball doug has the recipe for the doctor because fellow andrew parker thought and because of that, the progress on the security for also beefing up their position by the boarding thing to notice that there were definitely come as a major relief for ordinary b. what talk on both sides of the border. we also have report, dollar bon, are fighting for key strategic vision and then federal b day of board. claim that they have already taken over the robi, this is the gorge a narrow gorge which connect to god. but it, and that effectively mean that, that dollar by now have access to god but also from door which is the 2nd major border crossing between of one on and bucket on not to mention also the fact that focused on upgrade that the civil war and no one is going to have devastating consequences because millions of are gone will play across the board out. the country already has g 1000000 of refugees and that of course good. creat another situation. ok, come all hides there live for us in push our thank you. come all, let's turn out to charlotte bellis for t