News Blip:
Record Airline Passengers For Spring Break Season
Los Angeles Times Reports On Airlines Predicting To See A Spike In Bookings At An All High, And Therefore A Boost To Many Economies.
Editor's Note: This news item was retrieved thogh Los Angeles Times via Google.
According to LA Times writer Hugo Martin: U.S.-based airlines are expected to carry a record 151 million people to vacations and getaways during the spring break season for travel, a trade group for the country's airlines is projecting. Airlines for America, which represents carriers including American, Southwest and United Airlines, predicts a 4% increase in air trav-elers compared with last year. The group attributed the increase to a strong economy, low airfares and a surge in household wealth. The more vacationers traveling, i.e. tourism, the more the local cities or countries will reap the monetary benefits.
"An expanding economy, employment gains and surging household net worth are also contributing to the growth in demand for air travel," said John Heimlich, chief economist for the group. Based on the prediction, 2.47 million people will fly each day from March 1 to April 30. This fits into a trend of rising demand for air travel. From November 2014 to November 2017, the number of passengers on domestic flights increased 13.5% while fliers on U.S. airlines' international flights to and from the U.S. rose 9%, resulting in an overall increase of 12.9%, according to the Bureau of Transportation Statistics. Airfares have also remained low in the last two years, thanks to relatively cheap fuel and increasing competition from ultra-low-cost carriers such as Spirit and Frontier Airlines, industry experts say.
For the full article by Hugo Martin visit here at Los Angeles Times.