Stock Groups

U.S. airline bookings dropped 17% in April, flights got even pricier

[ad_1]

Southwest Airlines’ aircraft takes off as American Airlines plane lands at Reagan National Airport, Arlington, Virginia on January 24, 2022.

Reuters| Reuters

According to Adobe, U.S. air bookings fell 17% from March according to Adobe’s report. This is one of the first signs that there has been a cooling in demand as flight prices rise above pre-pandemic levels.

The report shows that April’s domestic ticket spending was $7.8B, which is 13% less than the month before.

Inflation has been at its highest since the 1980s, but air travel has shown resilience in the recent months. Everything from groceries and gasoline prices have risen. According to new data, consumers may be hesitant about buying tickets.

Although there is a slight slowdown in domestic U.S. flight bookings, they are still at record levels. The April online ticket sales were 23% higher than the March 2019 equivalent, and bookings increased 5%. Adobe stated that prices were 27% higher in April than 2019 and 8 percent more than March.

[ad_2]