Rising fares, staff gaps cast shadow on air travel rebound
STORY: Airlines expect an end of testing requirements in the U.S. to rebound interest in transatlantic travel
Those routes accounted for between 11% and 17% of passenger revenue at the big three U.S. carriers in 2019
Source: Cirium
Traffic has already reached 85% of 2019 levels
And United Airlines says it plans to expand its network by 25% this summer compared to 2019
But airlines and airports are facing staffing shortages on both sides of the Atlantic
Amsterdam’s Schiphol Airport, one of Europe’s busiest, has put a cap on passengers coming through as a result
And fares are up amid record inflation and soaring jet fuel costs
Source: TripActions
Average economy fares from the U.S. to the EU are up 26% from 2019 levels
So far little evidence of soaring costs hurting travel spending
Yet, there are some warning signs
Source: Cowen and Co.
A survey of U.S. travelers in May found a slight drop in interest due to growing economic concerns and rising fares