Business travelers generally pay higher fares, so the absence of so many of them has an outsized impact on airline revenue and profit.
DALLAS — With summer vacations winding down, airlines are counting on the return of more business travelers to keep their pandemic recovery going into the fall.
The Global Business Travel Association recently predicted that corporate travel won’t fully return until mid-2026, 18 months later than the trade group had previously forecast. Conventions and other big meetings are another key driver of business travel, and also seem to be coming back, Thackston said.
The nature of business travel is changing as companies become accustomed to smaller travel budgets. Some trips are being replaced by video calls, perhaps permanently. Speculative sales trips could be especially easy for companies to cut. “But interestingly, we’ve seen more demand for blended trips where somebody leaves on a Thursday from Dallas to go to New York, they don’t return on the Friday — they stay through the weekend and they come back on Sunday,” he said. Sometimes a spouse goes with them, he added.
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