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News to Know
Airline Bookings Surge as Travelers Rush to Lock in Fares
SOURCE: BUSINESS TIMES,
3/18
US airline executives are seeing some of the strongest booking trends in the industry’s history as travellers snap up tickets before rising fuel costs drive up fares.
Delta Air Lines now expects sales to grow in the high single digits to March, after previously guiding for a range of 5 to 7 per cent growth. American Airlines Group, meanwhile, said revenue in the quarter will rise more than 10 per cent, a record for the company, even as more-expensive fuel pushes earnings projections to the more pessimistic end of its range.
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