Shifting travel patterns by consumers are forcing US airlines to guess at what is the 'new normal' as they seek to adjust by cutting flights, revamping networks and packing even more passengers into planes
CHICAGO, May 10 - Shifting travel patterns by consumers in a post-pandemic world are forcing airlines to guess at what is the "new normal" as they seek to adjust by cutting flights, revamping networks and packing even more passengers into planes.
"Today's flexible work conditions are helping to drive changes in ticket-purchasing patterns." Citi analyst Stephen Trent said. "Let's get used to it."Travel demand has also softened on days in the middle of the week, but has strengthened on peak days. A Reuters analysis of U.S. Transportation Security Administration data shows passenger traffic this year on average has fallen 14% on Tuesdays and Wednesdays compared with Mondays, and then it rebounds on Thursdays.
"The most common two days in the office are Tuesdays and Wednesdays," said Daniel Shurz, a senior vice president at Frontier Airlines. "That's why travel for leisure is the hardest on Tuesdays and Wednesdays." Since the Chicago-based carrier's network is more focused on business traffic, which has not fully recovered to pre-pandemic levels, its revenue suffered in the last quarter. United last month said it wants to expand its Florida network.
While the fare data has stoked concerns about consumer demand, Hopper's lead economist, Hayley Berg, said overall spending on travel has gone up.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Smallest species shifting the fastest: Bird body size predicts rate of change in a warming worldBirds across the Americas are getting smaller and longer-winged as the world warms, and the smallest-bodied species are changing the fastest.
Read more »
Shape-Shifting Serpent of Space: NASA's EELS Robot Revolutionizes Extraterrestrial ExplorationA versatile robot that would autonomously map, traverse, and explore previously inaccessible destinations is being put to the test at NASA’s Jet Propulsion Laboratory. How do you create a robot that can go places no one has ever seen before – on its own, without real-time human input? A team at N
Read more »
Monday in Washington seemed reminiscent of shifting seasonsOut of morning’s mists came afternoon warmth.
Read more »
The Nikon Z8 is a Paradigm Shifting CameraIn Opinion: The Nikon Z8 is exciting, not only because it’s a very capable camera, but also because it represents a major paradigm shift in the camera industry.
Read more »
Why Texas Politics Are Groundhog Day With More Mass ShootingsGreg Abbott tends to do the same thing after each of these shootings: He tries to change the subject.
Read more »
It Sure Seems Like Greg Abbott Is Going To Keep Doing Nothing About Shootings, ForeverGreg Abbott tends to do the same thing after each of these shootings: He tries to change the subject.
Read more »