Over 51 Million People Flying Domestically this Holiday Season

Each year, especially leading up to the month of December, people across the country frantically scour the internet for the best airplane tickets to make it home in time for the holidays. Many people want to visit with family and the 21-day Christmas travel season is when millions of Americans choose to do so. Some people choose to drive or take a bus or train, but each year, the number of fliers continues to rise. According to Hugo Martin's L.A. Times article, this season's number of fliers increased by 3.5% from the same measurement last year.

Analysts expect that there will be over 51 million people traveling via plane throughout the upcoming holiday season. Over the last four years, airplane travel has been growing, especially in the month of December, and especially during the few days leading up to and following Christmas. Research shows that the increasing prevalence of the mode of transportation is likely due to improvements in the economy and competition between airlines, which make flights more affordable for the common consumer.

The law of supply and demand states that supply and demand tend to be inversely proportional, which means that as the supply of a good or service increases, the demand for it decreases. The same concept applies to the proportionality of demand/price or the inverse proportionality of supply/price. In other words, the more consumers demand a product, the more a company can charge for it. Because there are so many companies that offer the service of airplane transportation, the competition drives the price down. As more and more consumers choose to fly because of the lower prices, however, those same prices will likely be driven back up until the price reaches an equilibrium.

Economic analysts predict that this trend will lead to a total of more than $16 billion in profit split among the various domestic carriers, 5% more than last year. Additionally, over the past three years, airlines throughout North America have earned over half of the profit in the industry as a whole. Analysts expect that things might change quickly if the airlines aren't careful. Between rising costs, taxes, and governmental security laws, the various airlines may have to quickly adapt to successfully meet growing demands and keep their competitive edge.

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Number of Airline Passengers Expected to Increase by 3.5% from Last Year's Holiday Season

The holidays are a time when many people travel across the country to visit their family and friends and celebrate. Because of that, it can always be expected that airlines will be very busy in December, almost as busy as during the summer months when people are traveling on vacation. This year especially, analysts expect overcrowding at airports to be at an all-time high. In fact, according to Hugo Martin's L.A. Times article, the number of holiday fliers is expected to increase this year by 3.5%.

In 2015, over 70 million people took US-based flights in the month of December. This year, it is expected that over 45 million people will be flying during the holiday season that makes up the 21 days starting on December 16th. According to a trade group called Airlines for America, the increase in demand will likely force airlines to either increase the number of people per flight or the number of flights per day. If they don't, they will be missing out on potential business and will be upsetting loyal customers, which could hurt their bottom line in the long-run.

Just as the increase in demand is affected by the upcoming holidays, so too is a notable decrease in the number of fliers on certain days. As can be expected, because people are flying in order to spend the holidays with loved ones, they won't want to fly on the holidays themselves. Therefore, it is predicted that the days with the least demand will be Christmas Eve, New Year's Eve, and their corresponding days. Similarly, in order to get to their destinations in time for the holidays with the least amount of missed time at work or school, it is expected that the largest number of people will choose to travel on December 22nd or December 23rd.

Airlines for America also released estimates regarding which airlines will likely be the most crowded on those days. The more populous the city, the more potential fliers it contains, so it makes sense that the airports with the largest number of passengers should be: Hartsfield-Jackson Atlanta International Airport, Chicago O’Hare International Airport, Los Angeles International Airport and Dallas/Fort Worth International Airport. So, if you're planning on flying for the holidays and you don't want to get caught up in the chaos that will be the most crowded year in recorded history, you should avoid those popular dates and locations at all costs.

Low airfare and an improving economy are the reasons that economists choose to explain the spike in demand for air travel. While demand usually increases anyway, simply because the population continuously increases, this year's significant boost is cause for a stir among airlines. They are doing everything they can to meet the demand, which includes a 3.9% increase in the number of airplane seats sold per day during the holiday season. Around 99,000 more passengers per day will be  added, and to do that, airlines will have to make many technical and operational changes. Will they be successful at keeping up with the higher number of passengers? It's doubtful, but they might pull it off. 

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Find out more about us at www.sepulvedaescrow.net. Any Questions? Contact our Escrow Expert! Sepulveda Escrow Corporation (818) 838-1831. Follow our company on Facebook, Twitter, LinkedIn, and Google+.

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