Business travel resurgence
Delta, United, and Alaska report growth in corporate ticket sales as businesses return to the office
End the Zoom call and pack your suitcase: business travel is making an unexpected comeback, with major U.S. airlines seeing a significant increase in corporate bookings this year.
Key takeaways
- Delta Air Lines reported a 14% increase in corporate bookings in the first quarter of 2024, driven by strong sales from the financial services, technology and customer service sectors;
- While the number of corporate passengers hasn't yet reached 2019 levels, higher ticket prices are allowing the airline to generate nearly the same revenue;
- Analysts attribute the resurgence in business travel to return-to-office policies and increased travel budgets at some of the largest U.S. corporations;
- Managed corporate accounts, contracts and corporations are experiencing mid- to high-single-digit growth, although slightly less than the overall increase.
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