In the past week, Allegiant Travel Company ALGT reported upbeat traffic numbers for October. Highlighting the air-travel demand strength, Allegiant carried 12.9% more passengers in October 2022 than in October 2019 (pre-coronavirus era).Riding on the upbeat air-travel demand scenario, U.S. airlines are expected to perform very well in the ongoing Thanksgiving week. An upbeat projection for traffic during the Thanksgiving travel period was also mentioned in the previous week’s write up. American Airlines AAL intends to add flights to Phoenix over the Super Bowl weekend in February 2023, anticipating high passenger volumes. Delta Air Lines DAL and partner LATAM Airlines announced that a non-stop flight connecting Sao Paolo and Los Angeles will operate from Jul 1, 2023.Recap of the Latest Top Stories1. In October 2022, Allegiant carried 1.25 million passengers, up 12.9% from the October 2019 actuals. Revenue passenger miles (a measure of traffic) and available seat miles (a measure of capacity) increased 20.3% and 17%, respectively, from October 2019 levels. Load factor (% of seats filled by passengers) increased 2.4 points to 85.5% in October 2022, as the traffic increase was more than the capacity expansion. In October 2022, Allegiant carried 7.3% more passengers (system-wide) than in October 2021. Capacity contracted 2.4% from the year-ago comparable month’s reading. Average fuel cost per gallon (estimated) was $3.91 in October 2022.2. To meet the anticipated demand swell during the Super Bowl weekend next February, American Airlines will reportedly add 91 flights to the Phoenix Sky Harbor International Airport in the Feb 9-Feb 14 time frame. Super Bowl will be played on Feb 12 at the State Farm Stadium in Glendale. Over the five-day period, AAL will operate more than 3,000 flights to/from Phoenix. The day after the Super Bowl (Feb 13) is expected to be extremely hectic, with 548 flights arriving at/departing from the Phoenix Sky Harbor International Airport. American Airlines currently carries a Zacks Rank #3 (Hold).You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.3. The first new market for the joint venture between Delta and the Latin American carrier LATAM Airlines will be Sao Paolo, Brazil. Currently, DAL does not operate flights connecting Los Angeles to Sao Paolo. From Jul 1, the flight will operate thrice a week on the route. A Boeing 777-300ER aircraft will be used for operating flights on the Sao Paolo- Los Angeles route. The jet has a capacity for 410 passengers (38 in the Premium Business cabin, 50 in Economy+ and 322 in Economy). The new route will offer customers access to the largest U.S.-South America market from Los Angeles.PerformanceThe following table shows the price movement of the major airline players over the past week and during the last six months.Image Source: Zacks Investment ResearchThe table above shows all airline stocks have traded in the green over the five trading days. Evidently, the NYSE ARCA Airline Index has increased 1.5% to $61.06 over the past five trading days. Over the past six months, the NYSE ARCA Airline Index has declined 9.5%.What's Next in the Airline Space?With the earnings season over, watch this space for the usual news updates. Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.>>Send me my free report on the top 5 EV stocksWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Allegiant Travel Company (ALGT): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research