Airline capacity remains down dramatically on most international routes while markets with big domestic networks, like the United States, are rebounding. Leisure routes take precedence over business ones. In the short-to-medium term, travel buyers should expect gaps in preferred carrier networks, fewer frequencies and different aircraft than travelers are used to. The situation will remain turbulent as airlines try to make sense of demand trends and match supply, so travel managers will need to be flexible.

According to a March 29 research note from J.P. Morgan analysts, global airline capacity this week was down . . .

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