Home » Lifestyle » COVID's delta variant: Will airline ticket prices be affected?
COVID's delta variant: Will airline ticket prices be affected?
Comments Off on COVID's delta variant: Will airline ticket prices be affected?
Fox Business Flash top headlines for August 9
Check out what’s clicking on FoxBusiness.com.
Air travel demand will likely wane in the coming weeks due to uncertainty regarding the COVID-19 delta variant, according to industry experts.
Mike Boyd, president of aviation forecasting and consulting firm Boyd Group International, projects that traffic could dip between 4%-5% by the end of September.
CLICK HERE TO READ MORE ON FOX BUSINESS
"Universally, our forecasts are showing that after Labor Day, traffic is going to flatten a lot more than we thought," Boyd told FOX Business.
This dip, according to Boyd, is due to uncertainty regarding whether virus-related restrictions will be reinstated. It's similar to what happened when air travel first plummeted to historic lows in 2020, he said.
"The uncertainty … wasn't so much the health uncertainty," he said. "It was a worry [that] if you got to Omaha, would the entire town be shut down and you can't buy a hamburger?"