Planning to travel this summer? Here's what FlightAware is forecasting for air travel:
esterday, 462 flights within, into or out of the U.S. were cancelled and 6,623 were delayed, according toThat wasn’t just a blip. Thousands of flights were delayed or canceled the day before, as well as the day before that.
One airline pulling out or reducing frequency on a route can greatly impact airfares. “We've seen that when lower-cost carriers, such as JetBlue, enter a new route, it can drive down prices overall on the route by about 20%,” says Berg, lead economist at the deal-finding site. “However, when there's less competition on a route because that carrier exits, prices tend to rebound by about 12%.
For the airlines and their customers, staffing problems couldn’t come at a worse time. As infections from the original omicron variant fell in February and March, travel demand came roaring back. Currently, U.S. airline passenger volume is averaging about 92% of the pre-pandemic levels, according toSurging demand, coupled with a 30% rise in fuel prices since Russia invaded Ukraine, is sending airfares skyward as we head into the summer travel season.
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