BofA Data Indicates Decline in Air Travel Amid Rising Ticket Prices
BofA data shows a decline in air travel as consumers react to rising ticket prices and baggage fees since the start of Operation Epic Fury. The slowdown in air travel traffic is attributed to the impact of the Iran war on airfares and consumer confidence, with potential implications for discretionary spending in April. Delta CEO Ed Bastian has expressed reluctance to lower prices despite increased fuel costs.
Topics: air travel demand airline ticket prices consumer spending Delta Air Lines fuel costs Operation Epic Fury