Business travel has reportedly caught up with the boom that leisure travel has enjoyed over the past three years.
Three airlines announce first quarter results — delta, united and alaska airlines — Corporate travel reports recovery, Reuters report Friday (April 19th).
Alaska announced Thursday (April 19) that business bookings have returned to pre-pandemic levels, according to a report. Last year's bookings were stuck at 75% of that level.
In reporting its latest quarterly results, United Airlines said its corporate bookings were the largest in its history, and Delta Air Lines said its corporate sales increased by double digits year over year, according to the report.
According to the report, Alaska attributed its gains to increased spending by technology companies, while United Airlines pointed to travel by companies in the professional services, technology and industrial sectors.
Airline executives say companies are increasing business travel as people return to offices and customers are more willing to spend money on travel as the economic outlook brightens, the report said. Stated.
Shane TackettAlaska's chief financial officer told Reuters he expects business travel demand to continue growing because spending by tech companies has not yet reached previous levels.
In a report, Delta Air Lines said it found that 90% of its business customers are planning the same amount of travel or more during the current quarter.
Andrew NoceraUnited's executive vice president and chief commercial officer said this on Wednesday (April 17) during the company's quarterly earnings call. corporate travel It performed well both domestically and internationally.
“This year, I think we had nine of the top 10 corporate booking days in our history,” Nocera said. “So, really, overall.”
ed bastianDelta Air Lines' CEO said in an April 10 earnings call that corporate accounts are recovering. business tripespecially those in the technology, consumer services, and financial services sectors.
“Business travel demand took another meaningful step this year, with growth accelerating to the mid-teens compared to last year,” Bastian said.
In August, Global Business Travel Association (GBTA) and visa They said they expected something global business trip Spending is expected to exceed pre-pandemic levels by 2024.
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