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"After recent rises in fares, we should expect a modest price correction in some markets in 2024, although underlying pricing should generally remain strong," it said. However, Amex GBT's "Air Monitor 2024" is expecting only international airfares to drop in 2024 — notably for flights between North America and Asia. BCD Travel Travel Market Report 2024 OutlookTravelers in the U.S. may see some savings. The travel company Hopper expects fares in the U.S. to drop — at least for the first six months, according to its "2024 Travel Outlook" report. However, IATA also stated that the industry faces considerable challenges, from customer competition and high operating costs to government regulations.
Persons: Amex, , Hopper, John Grant, Who's, Willie Walsh Organizations: International Air Transport Association, Global, GBT Consulting, FCM, Travel, GBT's Air Locations: Asia, North America, U.S, Europe, Ukraine, Gaza, Pacific, India, China, America, Mexico Africa
October Inflation Report Price Rises Expected to Cool
  + stars: | 2023-11-14 | by ( Jeanna Smialek | ) www.nytimes.com   time to read: +7 min
Airlines lower their fares when they are trying to get more people to book tickets as demand is slowing or they are facing stiffer competition. Early this month, the average price for a domestic flight around Thanksgiving was down about 9 percent from a year ago. But some airlines say demand is slowing outside of holiday and other peak travel periods. Image Thanksgiving this year is expected to set a record for air travel, with nearly 30 million passengers anticipated. If travel demand is dropping, in some ways that’s an even bigger win for people who are never going to give up on travel.”
Persons: Denise Diorio, “ I’ve, ’ ”, Diorio, Hopper, , Kyle Potter, Potter, Stefani Reynolds, John Grant, “ We’re, , ” Barry Biffle, Steve Hafner, that’s Organizations: Airlines, Airlines for America, Credit, The New York Times, U.S, JetBlue Airways, Spirit Airlines, Frontier Airlines, Miami, Analysts Locations: Tampa , Fla, Chicago, New York, Paris, Europe, Caribbean, Denver, Orlando, Fla, Los Angeles, East, Ukraine
Russia's airspace is closed to many global airlines, forcing carriers to detour around the nation. Routes to and from Asia are up to four hours longer. Finnair's flight to Japan is four hours longer, while United treks an extra two hours to India. Carriers like British Airways, Finnair, Dutch carrier KLM, and Lufthansa, are flying about one to three hours longer than normal to avoid Russia. "Instead of a three-man crew, the extra hours can tip an airline into a heavy crew of four — and when there is a global pilot shortage, that can be really inconvenient."
Persons: They're, they're, OAG, John Grant, it's, Robert Mann, Grant Organizations: United, Morning, Carriers, British Airways, KLM, Lufthansa, Japan Airlines, Korean, All Nippon Airways, Monday, United Airlines, Juneyao Airlines, Emirates, Air, ABC News Locations: Asia, Japan, India, Ukraine, Dutch, Russia, New Delhi, London, Beijing, Seoul, Tokyo, Hong Kong, Helsinki, Soviet Union, Mumbai, San Francisco and New Delhi, China, Europe, Shanghai, Finland, Air India, New York
[1/5] Delta Airlines passenger jets are pictured outside the newly completed 1.3 million-square foot $4 billion Delta Airlines Terminal C at LaGuardia Airport in the Queens borough of New York City, New York, U.S., June 1, 2022. REUTERS/Mike SegarCHICAGO, April 12 (Reuters) - Delta Air Lines (DAL.N) is doubling down on more profitable premium travel as it looks to shore up its defenses against an economic downturn. Chief Executive Ed Bastian told Reuters the U.S. carrier will have premium seats on every plane it flies starting this summer. Rivals United Airlines (UAL.O) and American Airlines (AAL.O) are also chasing premium revenue. CHANGING TRAVEL PATTERNSThe quest for premium revenue has its underpinnings in the post-pandemic travel patterns.
Airlines are operating 13% fewer domestic flights during the eight-day Thanksgiving travel period compared with 2019, according to data by Cirium. While flight delays and cancellations marred U.S. summer travel, airlines say they are better prepared to handle the holiday travel rush for Thanksgiving, which occurs on the fourth Thursday in November. Federal officials say they have enough staffing to handle holiday travel as well. More than 1.4 million travelers are going out of town for Thanksgiving by bus, train or cruise ship, AAA estimates. The company this year received Thanksgiving travel bookings as early as June, three months earlier than in 2019.
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