financetom
Business
financetom
/
Business
/
Record 80 million Americans expected to travel for Thanksgiving holiday, industry group says
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Record 80 million Americans expected to travel for Thanksgiving holiday, industry group says
Nov 19, 2024 8:39 PM

NEW YORK, Nov 18 (Reuters) - Americans are expected to

set a new record for Thanksgiving travel, with nearly 80 million

to hit the roads, catch flights and board cruises over the

holiday period, travel group AAA said on Monday.

About 1.7 million more people will travel this year from

Tuesday, Nov. 26 to Monday, Dec. 2, compared to a similar period

in 2023.

Although staffing and aircraft shortages have capped the

airline industry's ability to ramp up capacity during the

holidays in previous years, a record number of Americans are

expected to fly to their destinations this year.

American Airlines ( AAL ) plans to shuttle 8.3 million

passengers from Nov. 21 to Dec. 3, about 500,000 more customers

than last year. Delta Air Lines ( DAL ) said it is expecting a

record 6.5 million passengers over a 12-day period, a 5%

year-over-year increase.

Southwest Airlines ( LUV ) and American Airlines ( AAL ) both said

their passenger volumes will peak on Sunday, Dec. 1, as more

travelers plan to return home immediately following the holiday

versus extending their trips.

United Airlines said its passenger volumes on the

Friday, Saturday and Sunday after Thanksgiving have increased

20% from 2023, while demand for Monday and Tuesday is flat. The

air carrier is expecting a record 6.2 million total passengers

over a 13-day period.

Travelers are paying more to travel domestically this year,

with the average airfare priced at $273 as of the end of

October, up 9% from last year, according to travel booking app

Hopper. However, airfares for the holiday remain lower than in

2022 and pre-pandemic levels, the company said.

International flight booking numbers are up 23% compared to

last Thanksgiving, while average ticket costs are down 5%, the

AAA said.

CAR TRAVEL

AAA projects a record 71.7 million people will embark on

road trips across the country, a 1.3 million increase from last

year.

Falling oil prices may help push the national average

gasoline price below $3 a gallon for the first time since 2021.

BUS, CRUISE AND TRAIN TRAVEL

Nearly 2.3 million people are expected to travel by other

modes of transportation including by bus, a 9% increase from

2023 and an 18% jump from 2019, according to the AAA.

That is due in large part to the growing popularity of

cruising, as domestic and international cruise bookings are up

20% compared to last Thanksgiving.

Rail operator Amtrak said it carried more than 1 million

customers from Nov. 18 to Nov. 26 in 2023 and is expecting more

than that this year, a spokesperson said.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Meta, Microsoft lift AI spending, worrying Wall Street ahead of Amazon results
Meta, Microsoft lift AI spending, worrying Wall Street ahead of Amazon results
Nov 3, 2024
* Meta, Microsoft ( MSFT ) boost capital spending on AI * Amazon AI spending seen likely to spike, too * Big Tech's AI investments may crunch short-term gains * AI chip supply constraints hamper infrastructure build-out By Anna Tong, Aditya Soni and Deborah Mary Sophia Oct 31 (Reuters) - Big tech including Microsoft ( MSFT ) and Meta are...
Onions were likely source of McDonald's E. coli outbreak, US CDC says
Onions were likely source of McDonald's E. coli outbreak, US CDC says
Nov 3, 2024
(Reuters) - The U.S. Centers for Disease Control and Prevention said on Wednesday that slivered onions served on McDonald's Quarter Pounder hamburgers and other menu items were the likely source of an E. coli outbreak that sickened 90 people. The outbreak linked to Quarter Pounder was first reported on Oct. 22, and slivered onions were suspected to be the source...
Asian stocks dragged by tech, yen gains little traction as BOJ holds
Asian stocks dragged by tech, yen gains little traction as BOJ holds
Nov 3, 2024
TOKYO (Reuters) -Asian stocks slid on Thursday as chip-sector stocks tracked overnight declines by Wall Street peers and Facebook owner Meta Platforms warned of accelerating costs for artificial intelligence.  More megacap tech earnings are due later in the day from Apple and Amazon. The yen hovered close to a three-month low against the dollar, weighed down by political instability as...
India Morning Newsletter, October 31
India Morning Newsletter, October 31
Nov 3, 2024
(India Morning Newsletter will not be published on Friday, November 1, on account of the Diwali Laxmi Pujan holiday) To access a PDF version of this newsletter, please click here If you would like to receive this newsletter via email, please register at: https://solutions.refinitiv.com/MNCIndiaSubscriptionpage For an index of our newsletters click on ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved