JesseNeugarten157 karma2020-05-11 17:47:27 UTC
Yes, most definitely!
Airlines are expected to lose up to $312 billion, according to the IATA. With such a tremendous strain on the industry today, airlines will have to adapt drastically to restore profitability and gain back customers' trust once travel demand rebounds over the next 5 years.
One of those changes is boarding the plane back to front to decrease exposure to other people as they walk down the plane. This will be especially impactful on narrow-body planes.
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JesseNeugarten140 karma2020-05-11 17:18:38 UTC
Based on our recent study, airfare prices will decrease by 35% on average through 2021 and then sharply increase 27% on average (above 2019 levels) through 2025 as demand rebounds. We recommend booking deals as they pop up now because airlines are offering free change and cancellations for any travel booked in the future. As an example, for 2020/21 holiday (Christmas/NYE) and summer flights, historically low fares up to 65% off were available as of this week.
JesseNeugarten129 karma2020-05-11 20:11:25 UTC
I recommend booking travel insurance to protect youself in the near term. COVID-19 isn’t going away right away, so everyone will want to be covered if they get sick abroad or airlines go under.
Bankruptcy of a travel provider is covered by most providers...just make sure to double-check with the provider you go with.
I also think booking future travel with major US carriers like Delta or American airlines is your safest bet if you're worried at all.
JesseNeugarten127 karma2020-05-11 19:48:26 UTC
100% agree with you that it's frustrating!
I think we can expect international travel to Europe from the US to open back up in September.
Did your fiance rebook her flight yet? Let me know if you guys need help.
JesseNeugarten49 karma2020-05-11 18:47:32 UTC
Yes, I do. Based on our members over the past few weeks, Domestic and International bookings are starting to pick up as countries and states start easing restrictions.
In terms of traveling to Europe for the summer, Greece is set to be the first country to open up on July 1st to tourists. I think that will hold true and we can expect to see a large uptick in travelers to Greece and other parts of Europe in September.
Do you have a trip booked for 2020? International or domestic?
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