Due to the changing nature of air travel, carriers have adapted their business models to streamline costs. Ancillary fees, which include non-ticket items like priority seating and extra legroom, have increasingly continued to boost airlines’ earnings.
Leisure travel has already returned to and surpassed pre-pandemic levels, while business travel has been slower to recover. That may be set to change, however. Ticketing data firm ForwardKeys now predicts that corporate air travel may overtake leisure as soon as July 2023, with the gap widening into the fall.
Airlines for America (A4A) predicts that approximately 257 million people will travel on U.S. commercial airlines from June 1 to August 31, 2023, representing a 9.5% increase from last summer. That would also set a new record, as volumes are projected to surpass the summer 2019 levels by around 2 million passengers.
Provides Access to the Global Airline Industry, Including Airlines and Manufacturers.
|Gross Expense Ratio
|Net Expense Ratio*
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*Eligibility for index inclusion changes are based on the AUM of the fund licensing the index. See prospectus for further information.
The index is rebalanced and reconstituted quarterly in March, June, September and December.