Updated: 17 minutes agoTravelers at the United Airlines check-in area at San Francisco International Airport in San Francisco, on Monday, Dec. 23.
Americans have been flying in unprecedented numbers, with the top 10 travel days in the Transportation Security Administration’s history coming in 2024, according to the U.S. Department of Transportation. There’s also optimism that the regulatory backdrop under President-elect Donald Trump will support the group. Industry executives view Trump’s pledges of deregulation and lower taxes as likely to boost demand further and be more friendly toward mergers than President Joe Biden’s administration, which pressed carriers on issues like automatic refunds, and blocked a tie-up between JetBlue and Spirit Airlines Inc.
Airlines struggled to match capacity with demand coming out of the pandemic, scrambling to expand routes to keep up with the so-called revenge travel boost, and then dialing back growth plans after the surge faded. That imbalance was most pronounced among domestic-focused discount airlines, which are now pivoting into more upscale flight experiences to attract travelers with bigger budgets.
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Source: CNBC - 🏆 12. / 72 Read more »