The Associated Press reports that Delta Air Lines is reporting a small first-quarter profit and says travel demand is strong heading into summer. The airline’s CEO says recent flight scares seem to be…
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Tag: Travel Demand
Qatar Airways Eyes Rapid Growth As Travel Demand Rebounds
Reuters reports that during the ongoing ITB tourism fair in Berlin, Qatar Airways announced seven new routes, the resumption of 11 other routes, and increased flight frequency for 35 markets.
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Airlines Set to Announce Strong Earnings, but Economic Uncertainty Raises Fresh Concerns
Reuters reports major US airlines “are expected to reiterate the strength of travel demand when earnings season gets underway later this week.” At the same time however, “with rising interest rates, high inflation, mounting job losses and turmoil in the banking industry increasing the odds of an economic recession, the spotlight will be on the elasticity of consumer demand.” While pent-up travel demand as well as “constrained airline capacity due to shortages of aircraft, spare parts, and labor have, thus far, allowed the industry to avoid the fallout from a slowdown in the broader economy,” it is still not clear “how long this travel boom will last.”
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