The number of travelers taking to the skies this spring is expected to be at its highest for years – just below the record set in 2007.
Trade group Airlines for America points to factors such as rising employment levels and disposable income as key drivers this year.
John Heimlich, A4A’s chief economist cited ‘an improving economy, the highest consumer sentiment in a decade and the continued affordability of air travel, which remains one of the best bargains for consumers.’
The trade group forecasts a 2.2% increase in passenger numbers in March and April to 134.8 million travelers for 10 major carriers.
“To meet the extra demand, airlines are adding seats to the marketplace, in part by deploying new and larger aircraft on many routes,” Heimlich said.
“After four years of $100-per-barrel oil, the recent dip in the price of jet fuel is finally giving the carriers some breathing room to reinvest in the product, reward employees and shareholders, and reduce debt, all while boosting capacity,” Heimlich added.
