3/17/2018

US AIRLINE INDUSTRY PRIMED


US airline industry primed for springtime boost : trade group.

US airlines will carry an all time high number of passengers this spring, an industry trade group  forecast on Wednesday, as-

Increased competition and persistently lower fares make flying more accessible to the general public.

Airlines for America [A4A] said it expects carriers to fly 150.7 million passengers, 2.47 million per day, between March 1 and April 30, in a 4 percent increase from the year-ago period.

Despite a number of seasonal challenges, including a rash of late winter storms, US airlines are generally off to a successful start of 2018, while some carriers having raised their first-quarter  outlooks in the last week based on better-than expected performance.

''An expanding economy, employment gains and surging household net worth are also contributing to the growth in demand for air travel,'' A4A Chief Economist  John Heimlich  said in a statement.

The seasonal period includes several potential travel peaks, including US college spring breaks Easter and Passover. [Agencies].

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