American Airlines stock price rallied more than 75% in the last week alone, extending the monthly gain to 95% as hopes over easing travel restrictions and the substantial improvement in flight schedules raised investor’s confidence over future fundamentals of the airline industry.

Shares of American Airline are currently trading at the highest level since early March and the stock is still down more than 35% in the past six months.

AAL American Airlines Group Inc. daily Stock Chart

American Airlines says the worst is over and the company started seeing improving demand in May. The company expects to fly 55% of its domestic and 20% of the international scheduled flights in July compared to the past year period.

“We’re seeing a slow but steady rise in domestic demand,” Vasu Raja, American’s SVP of network strategy, said in a statement. The airline will bolster flights to its hubs, notably at Dallas-Fort Worth and Charlotte, and it will also add flights to Florida and mountain destinations in the West.

American’s domestic scheduled flights in May dropped 80% when compared to the last year’s period. It expects to reach 25% of its domestic schedule in June from the year-ago period.

“As an airline, we’ve consciously bet on demand coming back. We have bet the economy,” Raja added, noting that American Airlines has been seeing stronger demand than peers.

The company seeks to restart flights to European and Latin American destinations from August, while plans to carry passengers to Rio de Janeiro, Brazil, from July 7. The resumption of air traveling would help airline companies in lowering their 2020 losses. Airlines are likely to post record losses for the second quarter of the year.

However, the market analysts believe the debt burden would keep the stock price under pressure. Raymond James analyst Savanthi Syth dropped the rating to Underperform, saying the shares are perfectly priced now and the upside is limited.