Airlines experiencing busiest summer in airline’s history. Air travel is estimating that 246.1 million passengers will fly with U.S. airlines between June 1 and August 31 2018.
According to the summer forecast issued the average to about 2.68 million passengers per day during the period by the trade group Airlines for America.
The important points to be noted are a strong economy and “Historically low airfares.” “As the economy grows along with household net worth, passengers are taking advantage of persistently low airfares for their summer travel plans,” John Heimlich, A4A’s Chief Economist, said in a statement.
The summer passenger numbers forecast by A4A would be a 3.7% increase from last the total last year, when a then-record 237.3 million travelers flew on U.S. airlines during the same period. Collectively, A4A says U.S. airlines have added 116,000 extra seats to their summer schedules in anticipation of the 2018 spike in passengers.
A4A said average fares remained low heading into this summer. “Through 2017, inflation adjusted airfares continued to fall, averaging less than 2010 fares both with and without ancillary fees included,” the group claimed in its statement. “In constant 2017 dollars, a round-trip ‘all-in’ ticket averaged $363 in 2017, well below the 2010 average of $380.”
Looking just at the past few years, A4A said that if adjusted for annual inflation, the price of domestic air travel had fallen by 12.5% since 2014.Read Full Article