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TSA Lines Surge, Clear App Downloads Soar
26 Mar
Summary
- Clear app downloads tripled since March due to long TSA lines.
- Clear's stock surged 60% as travelers seek expedited security.
- Clear is expanding beyond airports into healthcare and business ID.
Travelers are increasingly downloading the Clear Secure app, with downloads more than tripling since March amid growing frustration over long TSA lines. This surge in demand has significantly benefited Clear's stock, which has rallied approximately 60% in the past month.
The company, known for its expedited airport security lanes, is enhancing its offerings with biometric eGates, now operational at 38 airports. These gates streamline the process, directly leading travelers to TSA screening areas.
Clear's growth strategy extends beyond airports. Its identity-verification platform, Clear1, has achieved record bookings, and the company has secured deals with healthcare organizations and the Centers for Medicare and Medicaid Services for patient check-ins and ID verification.
While Clear Plus, costing $209 annually, is the primary revenue driver for consumers, many credit cards offer rebates. Despite some reported delays at specific airports due to TSA staffing shortages, Clear remains a popular choice for travelers seeking to bypass lengthy queues.
The company is actively supporting TSA officers with donations and line management assistance, hoping for a swift resolution to the staffing issues. Meanwhile, Clear continues to innovate, aiming to install eGates at all operating airports this year.
