$29 flights are back as airlines race to fill seats in the off-season
Publishing timestamp: 2023-11-11 08:00:01
Summary
The article discusses how airlines are offering more fare sales for off-peak travel in order to fill the record 260 million seats they have this quarter. Average fares are dropping, and airlines are either dropping last-minute fares or not raising them as much as usual. The article also mentions that airlines are rethinking where they deploy their planes and are focusing on less crowded markets. Despite the lower fares, demand is expected to hit or break records during peak holiday periods. Airlines are now looking ahead to 2024 and trying to best use their aircraft while facing higher costs.
Sentiment: NEUTRAL
Tickers: LUV, ULCC, JBLU, AAL, DAL, SAVE, UAL,
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Source: https://www.cnbc.com/2023/11/11/flight-discounts-are-back.html