Airlines say the effects of the omicron variant have largely faded, and the industry’s hopes for a strong spring and summer appear to be on track. Demand is showing up through increased bookings ahead of the one of the busiest travel times of the year.
Even so, the travel industry has been here before: Last spring, the vaccine rollout spurred renewed demand for air travel, then the delta variant stalled the recovery in late summer. Bookings surged again around Thanksgiving and Christmas, but so too did infections tied to the omicron variant. The rising number of cases left airlines short-staffed and — combined with bad weather — led to thousands of flight delays during one of the busiest travel periods of the year.
“If you’ve been watching fares during the pandemic, you’d think that fares have gone up dramatically, but they are not at 2019 levels,” said George Ferguson, a senior aerospace analyst with Bloomberg Intelligence.Ferguson and other analysts said it was inevitable that fares would rise after more people began flying., said that as carriers have added extra fees for everything from additional legroom to early boarding, they have become less dependent on baseline airfare for revenue.
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