Phenomenon has forced US air carriers to change their networks
The volume of business travellers in the United States is slowly and steadily increasing, but their numbers are still far from pre-pandemic numbers. So much so that many air carriers in the world have decided to restructure not only the routes that make up their network, but also the aircraft cabins, reducing the seats in Business and First Class.
US airlines are currently benefiting from strong demand for leisure travel. A phenomenon that traditionally characterizes the high Summer season. However, fewer people flying today for business scares investors, who worry that spending by holidaymakers won't make up for the shortfall in flights booked for business reasons. Alaska Air marks -25% of business flights, JetBlue Airways -20%.
In fact, before the pandemic, business flights were a cash cow for the air travel industry: according to the Airlines for America association, they generated up to half of US airlines' revenue from the sale of tickets to passengers. But there is optimism for the future: the recovery of corporate travel is strong in Asia-Pacific and Europe and companies are stimulating entrepreneurial travel with various initiatives.