USA | Airlines Equity Research CPI Reported Airfares Up 26.7% Y-o-Y in May and +2.7% vs April Reading The BLS reported CPI +4.2% y-o-y (vs cons +4.2%) for May, +0.5% m-o-m (vs cons +0.5%). This is ahead of April's +3.8%. Airfares were up 26.7% y-o-y and up 2.7% from April (SA). The strong May airfare print is in line with airline mgmt commentary, w/ Q2 guidance across our US airlines coverage pointing to DD unit revenue increases y-o-y in the quarter. Airfares face easier y-o-y comps (Feb-Jun), as bookings ...