Recent economic turbulence is slowing America’s rebounding demand for air travel, especially in the business travel sector. With COVID-19 era travel restrictions winding down, business travel is returning – but the US economy is not supporting a full return just yet.
Economic pressures on businesses
Between Russia’s War on Ukraine, rising fuel prices, and other global inflationary pressures, businesses are having a tough time balancing the books. Reducing business travel is an easy way to control costs, but there is still an underlying need for face to face meetings. With the rise of remote work, the need for in-person networking only grows. This is helping rebuild business travel, but the effect is not equal in all geographies.
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