More Travelers Hitting The Skies This Spring - Travel News

ADVERTISING DISCLOSURE

ADVERTISING DISCLOSURE:
Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from most credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » News » Travel » More Travelers Hitting The Skies This Spring

More Travelers Hitting The Skies This Spring

More Travelers Hitting The Skies This Spring
March
23
The content is accurate at the time of publication and is subject to change.

According to new data released by Airlines for America (A4A), an industry trade organization for airlines in the U.S., 145 million passengers are expected to hit the skies from March 1 to April 30, an average of about 2.4 million per day.

This represents a 4% increase from last year, when 140 million passengers traveled for spring break. This upswing means that 110,000 seats per day are being added by U.S. airlines across their routes, because trends suggest that 89,000 more passengers will be flying on U.S. carriers over spring break.
According to A4A this upswing airline travel is due to a convergence of a variety of aspects, including low airfares.

“While historically low fares, reliable operations and several consecutive years of reinvestment in the product are the primary factors underlying this growth, a boost in U.S. employment and personal incomes and the highest-ever level of household net worth are also fueling the strong demand for air travel,” said A4A Vice President and Chief Economist John Heimlich.

Competition taking off too

With low airfares making travel financially easier for travelers, airlines are also taking competition to another level by adding in more nonstop routes, along with increasing the number of seats they schedule going to and from U.S. airports, no matter what their size.

How much have these routes grown? Overall they added 37 nonstop routes in 2016, opening up 198 new ones, while doing away with 161 older ones. While in 2017 they opened up 151 new routes, and eliminated 134 routes, growing the network by 17 routes so far.

The number of overall seats grew 4.1% between 2016 and 2017, slightly up from the period between 2015 and 2016 when growth was at 3.9%

Financial upswing means new aircraft

With air travel trending and revenues up, airlines are paying down their debt, which means that some now have investment-grade creditworthiness. And with paying off or down debt they have also started investing in their fleets, with carriers taking deliver of over 350 new aircraft in 2016. This year they are expected to take delivery on 337 new aircraft.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
Add to Favorites:

Related News:

Air Canada and American Express Partner is Still a Go
Air Canada and American Express Partner is Still a Go

Posted: March 06, 2019

Air Canada and American Express have inked a deal renewing their partnership. But that is not all it also paves the way for the launch of new co-branded credit cards and for American Express to partner with them on the Air Canada’s new… Continue reading

Chase and Visa Making It Easier for Cardholders to Commute in NYC
Chase and Visa Making It Easier for Cardholders to Commute in NYC

Posted: June 06, 2019

Chase cardholders will soon be able to get around NYC easier because the City and Chase have partnered up so that cardholders will be able to get into the subway or on the bus with just a tap using their Visa contactless card. With this… Continue reading

U.S. Bank Corporate Travel Credit Card Goes Mobile
U.S. Bank Corporate Travel Credit Card Goes Mobile

Posted: March 27, 2017

U.S. Bank has announced that their clients with Visa Corporate Travel cards will soon be able to use their mobile devices to make payments for expenses whether that’s paying for a hotel room or a rental car. Continue reading

Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
Earn 10,000 American Airlines AAdvantage® bonus miles and receive a $50 statement credit after making $500 in purchases within the first 3 months of account opening*
For Excellent/Good Credit
Earn 50,000 American Airlines AAdvantage® bonus miles after spending $5,000 in purchases within the first 3 months of account opening
For Excellent Credit
Earn unlimited 1.5% cash rewards on all purchases.
For Good, Excellent Credit
See Rates & Fees
You've successfully subscribed!

Please specify the following:All these fields are optional

Your Credit History
Themes you are interested in:

By providing this information you help us make our news letters more useful and informative. Thank you!