Airfares remains strongExtract from a study published by RBC about the traveling Americans.
Airfares: Airfares have fallen by almost 13% vs last year, but remain high relative to pre-COVID norms. We believe that summer ticket prices will be supported by high passenger numbers (near record TSA passenger throughput) and similar available seat miles than in 2019. In short, load factors are strong, suggesting that prices will remain sticky to the upside, particularly if business travel improves from current levels near 79% of normal (Pages 3-4)