![]() ![]() "We are concentrating our growth away from the saturated markets," he said. The carrier is planning to fly less on nonpeak days, like Tuesdays, compared with higher-demand periods, a measure that also prioritizes crews' time so they are ready fly more when it's busy, Jordan said.įrontier Airlines CEO Barry Biffle told CNBC that one thing the airline is changing is finding less crowded markets for its flights. "Capacity is the most precious commodity you have to produce revenue, and you got to deploy that capacity as efficiently as possible against demand," Jordan said during the Skift Aviation Forum. Southwest plans to slow its growth next year to address the shifting demand patterns, though CEO Bob Jordan described demand on an earnings call late last month as "strong." Most major carriers reported record revenue and strong demand during those periods, with some executives reporting higher growth for international destinations over domestic ones.ĭeclining pricing power in the off-peak periods has forced carriers to rethink where they're deploying their planes. Getting the balance right in the off-season is a challenge for airlines, which make the majority of their revenue in the second and third quarters during the busy spring and summer seasons. But airlines are either dropping last-minute fares or not raising them as much as usual, he said.Īirlines have scheduled a record 259.8 million seats for domestic flights in the fourth quarter, up nearly 8% from last year, on 1.86 million flights, up 6% from 2022, according to aviation-data firm Cirium. "Typically, you see a step increase in price at each seven-day mark before a flight," said Scott Keyes, founder of Scott's Cheap Flights, a flight-deal company that recently rebranded as Going. Leisure travelers, meanwhile, have largely returned to more traditional booking patterns after years of pandemic swings in demand, leaving airlines looking for ways to fill planes outside of holidays or other popular travel periods. He said the industry's increased capacity in recent months means there are more seats to fill, even though the carrier's average fare was up in the last quarter from a year ago. "I would characterize the amount of discounting or sales that we're doing today as a bit more than normal," Ryan Green, Southwest's chief commercial officer, told reporters at the Skift Aviation Forum earlier this month. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit ![]()
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