Airlines are having to curb their expectations about the demand for travel this year, as the boom that lifted industry profits since the second half of 2022 has fizzled out
Travel lers who haven’t yet finalized their plans for summer may be able to find some unusually cheap flights for the tail end of the season this year.boom that lifted industry profits through the second half of 2022 and last year has fizzled out – and sooner than many expected.
But the company’s big bet on peak travel season appears to have backfired, Mr. Gradek said. After spending with abandon the past two summers, many consumers are now balking at the cost of flights, he added. And Air Canada’s deals are putting pressure on others to offer equally attractive low rates, Mr. Gradek said.
Travellers should also keep in mind that basic fares typically don’t include a litany of charges – from baggage to seat-selection fees – that will likely increase their final price tag.
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