Business Travelers and Managers Less Confident of Regional Carriers
Are you wary of regional carriers? You’re not alone. A Business Travel Coalition study of corporate travel managers found that a majority of business travelers worry about perceived safety differences between regional carriers and network carriers, which use them to beef up their networks, especially to smaller markets.
Because of this, many companies let their travelers opt for an alternative to regional airlines, even if it costs more. In fact, many managers interviewed for the study say they’d pay more to get higher safety standards. Managers and travelers find it hard to tell who they’ll actually be flying. They consider marketing a regional carrier under the brand of a major carrier deceptive marketing. (Source: Business Travel Coalition).
Flight Delays Cost Economy $32.9 Billion
Flight delays do more than make you grumpy. They cost the nation’s economy $32.9 billion and airline passengers bear the brunt of about half that cost, according to researchers at the University of California, Berkeley. About $16.7 million, or more than half of those costs hit travelers, according to the study, which the Federal Aviation Administration commissioned. That’s what your lost time and unplanned spending on food and accommodation add up to.
It hurts airlines, too, costing them $8.3 billion in increased expenses for crew, fuel and maintenance, among other things. (Source: University of California, Berkeley).
Domestic Airfares Up For the Fourth Consecutive Quarter
Domestic airfares are up to an average of $341, a 3.8 percent increase for the second quarter, the fourth quarter in a row that they’ve increased, according to the Department of Transportation.
Fares have increased 13.1 percent in the past year, after falling to a low of $301 in the second quarter of 2009. Fares are the highest they’ve been since the third quarter of 2008, when they averaged $358. Seventy percent of airlines revenue in the first half of 2010 was from passenger fares. During all of 2009, the percent of revenue from fares was 70.2 percent, down from 84.1 percent in 2000. (Source: Department of Transportation).
International Passenger Traffic Up Ten Percent
International passenger traffic was up 10.5 percent year over year in September, according to the International Air Transport Association. North American traffic climbed back to pre-recession (2008) levels, with an 11.1 percent increase in passenger demand.
While September increase was stronger than the 6.5 percent August increase in international passenger traffic, it wasn’t all good news. Freight numbers have fallen six percent since a post-crisis peak in May and, since international air cargo accounts for 35 percent of the value of goods traded internationally, it is a leading indicator of economic activity, (Source: IATA).
Secure Flight is Official
Make sure your airline has your full name as it is on your government ID, as well as your address, date of birth, gender and, if applicable, your redress number.
The Transportation Security Administration’s one-year grace period for Secure Flight, which requires airlines to have all of that information about passengers so they can compare passenger lists against TSA watch lists, is over. Now, if the airline doesn’t have that information about you, authorities can deny your right to board. (Source: Transportation Security Administration).