The airline recovery continues. As the popular spring break holiday leads many passengers to book flights to vacation hotspots around the country, US passenger numbers have remained steady for the last ten days, with at least one million passengers per day from March 11th through March 20th. The highest mark came on Friday, March 19th, when close to 1.47 million passengers boarded an aircraft – the highest mark in over a year.
From March 11th through March 20th, the TSA recorded the following passenger counts:
Below is a graph looking at overall passenger throughput from March 1st through March 20th:
The first quarter is usually one of the slower periods for travel. Coming off of a winter holiday surge, January and February are less heavy leisure travel months. However, as schools start to go on spring break in March, leisure passengers ranging from families to college students start to pack their bags and head on vacation.
Here is a comparison of travel looking at data from 2021 compared to the same weekday from 2020 and 2019:
As early as January, airlines were already starting to keep their eyes out for spring break. Alaska Airlines was one of those carriers. Asked about spring break travel on the airline’s fourth-quarter earnings call, Ben Minicucci, incoming CEO of Alaska Airlines, stated the following:
“I think you might start seeing people venturing out on spring break. So I think we’re going to be cautious; I think we’re going to be on our toes and react appropriately.”
Airlines have redistributed their capacity and are altering their schedules to cater to leisure travelers. For spring break, that means more flights to places like Florida, Cancun, and Hawaii. Visiting these places is relatively easy for most people in terms of entry requirements.
Spring break is turning out to be a bigger boon than the winter holiday period. As vaccinations continue to roll out at an accelerated pace and the country sees a continuing decline in case counts, the confidence to travel is there. There is pent-up demand that should continue to be released as the summer rolls around.An indicator for the summer
If, by the end of March and into April, travel numbers are still in the one million per day range for most of the week, airlines will likely see a fantastic summer. There may be some slippage in numbers heading into April and early May as passengers save up their vacation days for the summer.
However, sustained numbers north of the one million per day mark mean this summer could be a huge one for airlines. For the last year, there has been some talk about post-crisis travel demand. Some anticipated a V-shaped curve. Others anticipated a long slog, but the general consensus that came about in the latter half of 2020 was that it would be a choppy and nonlinear recovery. That is certainly holding for now.
International long-haul travel is not likely to resume in earnest until the second half of 2021 and likely into 2022. This will put some downward pressure on passenger numbers, but the overall figures for summer 2021 are likely to remain high, with the possibility of reaching two million per day.
Are you traveling for spring break? Are you glad to see airline passenger numbers start to recover? Let us know in the comments!