Quote:
Originally Posted by CliffFletcher
So a return to how flying was 30 years ago? I can see it. Costs of fuel and labour may be going up for good. Companies are cutting way back on business travel, which has historically subsidized the cheap seats. Probably some targeted GHG emissions taxes coming down the pike.
Air travel could go back to being affordable only to the affluent, with plebes splurging once every few years for a special trip.
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I book enough travel for people that I have a decent sample size on this, and business travel is starting to return in the markets I serve (almost all US). It's still down from 2019 but up big even from 3 months ago.
By comparison, leisure bookings are actually way down the last 6 weeks or so. I think the combination of interest rates/economic worries and airline chaos is making people think twice.