Thursday, July 4, 2024 The US domestic airline sector demonstrated a robust growth in May 2024, marked by a notable increase in World Share and an enhanced Passenger Load Factor (PLF). The sector observed a 15.4% rise in World Share year-on-year, signaling a vigorous recovery and an increased preference for domestic air travel among passengers.
Revenue Passenger Kilometers (RPK) surged by 6.0%, indicating a trend where more passengers are opting for longer flights within the United States. Available Seat Kilometers (ASK) expanded by 5.
3%, showcasing an uptick in airline capacity to accommodate the growing demand. The Passenger Load Factor saw a modest increase of 0.6 percentage points, reaching a level of 86.
7%. This growth reflects precise capacity management by airlines, aiming to optimize operational efficiency and passenger service. U.
S. Business and Holiday Travel Overview (2022) In 2022, the U.S.
led the world in business travel expenditures, totaling $421.1 billion. This economic activity supported 6 million jobs and generated $119 billion in tax revenue.
The sectors benefiting most were food services (38%), accommodations (19%), and transportation (11%). The majority of business travel spending was concentrated in states such as California, New York, Florida, Texas, and Georgia, which collectively accounted for 65% of the national total. The top 15 states for business travel spending in the U.
S. in 2022 included California, New York, Florida, Texas, Georgia, Illinois,.
