U.S. airlines received more bad news: Fewer people are expected to fly this Thanksgiving.
The ‘Air Transport Association of America’ forecasts that about 2% fewer people will fly during the 12 days surrounding the holiday, a drop of 440,000 from 23.6 million Thanksgiving passengers last year. But airplanes will still be packed, the trade association says, because airlines are selling fewer seats to save money.
An airline industry at the brink of profitability will welcome the holiday boost. In the first nine months of 2011, 10 of the nation’s largest carriers earned $913 million, or 66% less than the same period last year, the ATA said.