The Clark Howard Podcast 05.21.25 The Airline Recession / Student Loan Repayment
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May 21, 2025 The airline industry is facing a recession, leading to service cuts and creating both challenges and opportunities for travelers. Discover practical strategies for managing flight changes and booking options. Navigate international travel with tips on staying connected, including mobile plans and local SIM cards. The podcast also addresses the resumption of student loan repayments, offering guidance on managing debt and understanding repayment options. Lastly, learn how to maximize credit card rewards while keeping your finances in check.
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Airline Industry Recession Signs
- The airline industry is entering a recession with both full-fare and discount airlines seeing declines in bookings.
- Corporate travel cuts and leisure travel decline are causing airlines to cut flights, especially on slow travel days like Tuesday, Wednesday, and Saturday.
Monitor Flights & Hold Backup Options
- If you've booked flights months ahead, monitor your booking regularly due to schedule changes and cancellations.
- Book alternative flights to hold options risk-free with 24-hour free cancellations after booking direct.
Take Advantage of Airfare Sales
- Airline fare sales abound now due to excess seats before planes are parked and schedules are cut.
- Re-shop already purchased tickets before traveling to get cheaper fares or credits for future travel.