As air travel becomes more accessible, the experience economy is on the rise. Some 74 percent of Americans prioritize experiences over products or things, according to a study by Expedia. Millennials, those born between 1980 and 2000, with their ever growing purchasing power, are driving this trend of “getting away” and taking frequent trips. We believe all of this is positive news for the airline industry. Explore the infographic below that highlights millennial air travel trends.
The growing number of millennial travelers, coupled with a rise in non-ticket fees, could be positive for airline carriers. Looking to invest in airlines? The U.S. Global Jets ETF (JETS) is the only available pure-play ETF that focuses on the global aviation industry. Learn more about the fund by clicking here!
All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor. Ancillary fees/revenue, in the airline industry, is revenue from non-ticket sources, such a baggage fees and on-board food and services, and has become an important financial component for low-cost carriers.