Travel industry could see “new normal” post-pandemic
Business travel could settle into a "new normal" that's 10%-20% lower than before the COVID-19 pandemic, Delta Air Lines CEO Ed Bastian recently suggested per AP.
What they're saying: With the coronavirus pandemic still raging, demand for flights has dwindled. Southwest Airlines CEO Gary Kelly told AP that overall passenger revenue is down 70%. Business travel — normally more than a third of Southwest's traffic — is off by 90%.
The big picture: The pandemic has proven that working from home can be a viable option, which may reduce business travel even after the global outbreak is over.
- TSA screenings on Tuesday were one-third of what they were the same day in 2019 — 800,000 vs. 2.5 million.