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Railroad Recession & Airline Boom | Jay Shabat on Planes & Trains
Forward Guidance
The Rise of Business Travel
John Defterios: Demand was somewhat booming last year, but financially profits were not that high because the price of jet fuel was high. He says corporate travel is still down in volume terms, maybe 20% from where it was in 2019 pre pandemic. But he says whatever corporate is there, the prices are up, the fares are up and then on top of that, the leisure is so strong.Defterios: It's an open question of how to what extent that corporate travel comes back, even volume terms. The airlines are fine with it.
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