Travel expenses have increased amid record-high inflation. However, pent-up travel demand in the post-pandemic era helped the industry to rebound. U.S. Transportation Secretary Pete Buttigieg said, “We are delighted that (travel) demand is returning.”
Moreover, the passenger count soared during the 2022 Thanksgiving holidays. The U.S. Transportation Security Administration screened 2.56 million air passengers on November 27, 2022, the highest number since December 2019.
