U.S. Airlines Group Expects Busiest Summer Travel Season

1 min read
This story originally appeared on Reuters

Summer travel on U.S. airlines is expected to reach an all-time high this year on the wings of a strong U.S. economy, Washington-based trade group Airlines for America said on Monday.

The group estimates that about 222 million passengers will fly on U.S. airlines from June through August, up 4.5 percent from the same time last year.

U.S. carriers are increasing the number of seats available for booking by 4.6 percent to accommodate the demand, the group said.

"The continued rise in U.S. consumer sentiment and employment is leading to more people traveling more often," the group's Chief Economist John Heimlich said in a statement.

The top three nonstop international destinations from the United States are Canada, Mexico and the United Kingdom, the group said.

Strong U.S. domestic demand is poised to benefit American Airlines Group Inc (AAL.O), United Continental Holdings Inc (UAL.N), Delta Air Lines Inc (DAL.N) and others, while the lower cost of fuel - airlines' largest variable expense - is adding hundreds of millions of dollars to their bottom lines.

(Reporting by Jeffrey Dastin in New York; Editing by Richard Chang)

More from Entrepreneur
Entrepreneur Select: A Fund For Entrepreneurs, By Entrepreneurs

Entrepreneurs require more than just money, which is why we aim to empower you, as well as act as a catalyst for value creation.

Make sure you’re covered if an employee gets injured at work by
  • Providing us with basic information about your business
  • Verifying details about your business with one of our specialists
  • Speaking with an agent who is specifically suited to insure your business
Try a risk-free trial of Entrepreneur’s BIZ PLANNING PLUS powered by LivePlan for 60 days:
  • Get step-by-step guidance for writing your plan
  • Gain inspiration from 500+ sample plans
  • Utilize business and legal templates
  • And much more

Latest on Entrepreneur