Economy

Airlines see Thanksgiving travel rising 3 percent

The carriers, including American Airlines, Delta Air Lines and United Airlines, posted a total profit of $14.7 billion, down from $18.4 billion in the year-ago period.

Airlines for America released a new study that revealed 28.5 million passengers are expected to fly during the 12-day Thanksgiving air-travel period between November 17-28, with the busiest day being November 26, with an expected 2.88 million passengers.

To accommodate the extra travelers, airlines in the USA have added around 86,000 seats each day, a 3.2 percent increase from 2016.

In addition to the Thanksgiving travel data, Airlines for America officials also spoke out against a Passenger Facility Charge increase on US passengers being considered by Congress.

Despite posting a collective 3.8 percent revenue increase, steep upticks in operating expenses drove down the pretax profits of nine publicly traded USA airlines, Airlines for America (A4A) said.

The group says that airlines are adding slightly more seats than the expected increase in travelers.

Thanksgiving Day, on November 23, will have the fewest travelers, but the following Sunday will be the busiest day with 2.88 million passengers, it estimated. The lightest travel day is expected to be Thanksgiving Day itself, November 23.

Holiday travelers know by now that Thanksgiving is the busiest time of the year for airlines and that the Wednesday before and the Sunday after the holiday are the busiest days of the year.

Alas, if you haven't booked your flight yet you nearly certainly will pay more than someone who booked in the last week of September. If you waited, expect to pay up to $476 for the same ticket.



Like this

Latest


01 November 2017
Lions Sign Free Agent G Don Barclay And Waive T Dan Skipper
He's made 24 starts in 62 career games since entering the National Football League as an undrafted rookie in 2012 with Green Bay. Decker is still weeks away from being game ready in his return from shoulder surgery.

01 November 2017
17-year-old Prithvi Shaw scores fourth century in five First-class matches
Before that, the opening batsman hit 154 off 249 balls for India Red in their Duleep Trophy match against India Blue at Lucknow. Shaw now has 552 First-class runs at an average of 69 with four hundreds and a fifty.

01 November 2017
Government to introduce laws to encourage use of drones
We have studied various policies from all across the globe and formulated a drone policy which would encourage this industry. Besides "RFID/SIM", drones should have return to home option and anti-collision lights, as per the draft rules.

01 November 2017
Hard Facts About Tanger Factory Outlet Centers Inc. (NYSE:SKT)
First Trust Advisors Lp expanded its ownership by buying 314,182 shares an increase of 204.3% from 06/30/2017 to 09/30/2017. Sanders Morris Harris Inc. boosted its stake in shares of Tanger Factory Outlet Centers by 0.9% in the second quarter.

01 November 2017
Cadence Bank NA Lowers Position in American Electric Power Company, Inc. (AEP)
Moreover, Bbva Compass Commercial Bank Inc has 0.1% invested in American Electric Power Company Inc (NYSE:AEP) for 21,307 shares. It dropped, as 64 investors sold AMZN shares while 542 reduced holdings. 153 funds opened positions while 670 raised stakes.

01 November 2017
Shares in Texas Instruments Incorporated (TXN) Purchased by Colony Group LLC
This buyback authorization authorizes the semiconductor company to buy up to 74% of its shares through open market purchases. Overbought is a condition that occurs when price momentum is considered too high and the stock may be due to decline.

01 November 2017
Wales squad named for France and Panama friendlies
The 20-year-old will link up with Wales for the second time when they face France and Panama in friendlies. Chris Coleman admits Wales' November friendlies could be his last games as an worldwide manager.

01 November 2017
IBM unveils software that brings public cloud to private datacenters
The "Security Vulnerability Advisor" scans containers across the cloud to surface potentially serious issues and weaknesses. That's particularly important for customers who have legacy workloads and want to move them to a more modern platform.

01 November 2017
Sridevi-Jhanvi Kapoor in Mr India remake?
But few days ago, due to delay of announcement of the film, Sridevi is said to be miffed with Karan Johar. The source was quoted saying as, "There are two pairs of leads in Mr India 2 ".

01 November 2017
Analyst Earnings Estimates Scan: Harley-Davidson, Inc. (HOG)
When a stock traded on high volume then is it is good time for active Investors to attain the opportunity of this situation. Harley-Davidson, Inc. on 9/29/2017 reported its EPS as $0.27 with the analysts projecting the EPS of the stock as $0.31.



Recommended