Is the Airline Industry Bouncing Back Quicker than Expected?

The airline and travel industry is in turmoil. The volatility of it all would suggest that while some airlines are doing better than expected, others are currently going bankrupt. But, with everything that is happening, the question remains: Is the airline industry bouncing back quicker than expected?

After some research, it would appear that when we mean “the airline industry,” we’re really talking about us. Us, meaning the people that travel, for work, for pleasure, and both. We are ready to take flight. Although the skies don’t look the same, specific data points suggest that flights are exponentially increasing month by month, and everyone is ready to plan their national and international travel.

A Few Good Things

About a week ago, Bloomberg reported that American Airlines is reactivating 141 planes, previously-stored due to the covid impact, starting in July.

However, American Airlines is not the only one increasing flights in July. It appears United and Delta are also increasing flights as demand picks up. This trend suggests that people are ready to head for the skies and that, perhaps, the worse is over for the airline industry.

American, Delta, and United are increasing international travel, but it is not close to where it should be. In any case, I’ll take good news where I can find it.

Do you know who else is doing a great resurgence? Jet Blue! Jet Blue recently announced about 30 new routes, mostly on the east coast, starting at the end of July. How awesome is that?

Are airlines bouncing back? It appears these airlines are doing ok. Although there are so many factors at play with a global industry, we can’t conclude anything yet. In other words, let’s watch closely and plan carefully. 

Nevertheless, the good news continues.

What does this mean for prices?

The great thing about what’s happening now is prices will continue to be competitive. A study done by Dollar Flight Club suggests that prices for domestic and international travel are extremely low. Not only are flights slowly increasing, but competitive prices will entice on-the-fence flyers to purchase that great ticket.

Dollar Flight Club study found Paris plane tickets from $293 roundtrip

As an example, the study found that prices to Paris, France in late 2020 through early 2021 are $293 and up.

I did my own research to see what I can find, and I found prices from New York City to Paris to start at $286 round trip on Norwegian air. Also, the media is reporting that Norwegian is also making a rebound.

Here is what I found… Looks about right.

Data from Dollar Flight Club suggests that tickets to New York City can be found at $181 round trip. Although I wasn’t able to find that fare, I found a way better deal. If you fly from Miami to New York City in late July, a round trip ticket will cost you $97 on American Airlines. 

Miami to Newark. Hello NYC!

I also found tickets from Los Angeles to New York City in late September for slightly lower than usual. They are $295 round trip. It’s not a steal, but its better than nothing.

LAX to JFK tickets I found are okay.

Airline tickets vary A LOT. They also change day by day and sometimes by the hour. However, it goes without saying that the data points from Dollar Flight Club are accurate.

So… Let’s Jet?

With all of this in mind, I advise everyone to look out for those great deals, things are starting to look better. But I implore everyone to stay safe, wear your safety gear, stop coughing in people’s faces, and lets jet.

via GIPHY

It’s almost time to head back to the skies again because the airline industry is bouncing back quicker than we imagined.