DALLAS — Delta and United became the most profitable U.S. airlines by targeting premium customers while also winning back a significant share of travelers on a tight budget. That is squeezing smaller low-fare carriers like Spirit Airlines , which recently filed for bankruptcy protection. Some travel-industry experts think Spirit’s troubles indicate that travelers on a budget will be left with fewer choices and higher prices. Other discount airlines are on much better financial footing than Spirit, but they too are lagging far behind the full-service airlines when it comes to recovering from the COVID-19 pandemic . Most industry experts think Frontier Airlines and other so-called ultra-low-cost carriers will fill the vacuum if Spirit shrinks , and that there is still plenty of competition to prevent prices from spiking. Spirit Airlines lost more than $2.2 billion since the start of 2020. Frontier has not reported a full-year profit since 2019, though that slump might end this year. Allegiant Air’s parent company is still profitable, but less so than before the pandemic. Those kind of numbers led United Airlines CEO Scott Kirby to declare recently that low-cost carriers were using “a fundamentally flawed business model” and customers hate flying on them. Kirby’s touchdown dance might turn out to be premature, but many analysts are wary about the near-term prospects for budget airlines, which charge cheaper fares but more fees than the big airlines. A traveler speaks with a Spirit Airlines agent May 24 at Hartsfield-Jackson Atlanta International Airport ahead of Memorial Day in Atlanta. Low-cost airlines grew in the last two decades by undercutting big carriers on ticket prices, thanks in large part to lower costs, including hiring younger workers who were paid less than their counterparts at Delta Air Lines, United and American Airlines . Wages soared across the industry in the past two years, however, narrowing that cost advantage. The big airlines rolled out and refined their no-frills, “basic economy” tickets to compete directly with Spirit, Frontier and other budget carriers for the most price-sensitive travelers. The budget airlines became less efficient at using planes and people. As their growth slowed, they wound up with more of both than they needed. In 2019, Spirit planes were in the air an average of 12.3 hours every day. By this summer, the planes spent an average of two more hours each day sitting on the ground, where they don't make money. Spirit's costs per mile jumped 32% between 2019 and 2023. Another issue is that airlines added too many flights. Budget airlines and Southwest Airlines were among the worst offenders, but full-service airlines piled on. To make up for a drop in business travel, the big carriers added more flights on domestic leisure routes. The result: Too many seats on flights into popular tourist destinations such as Florida and Las Vegas, which drove down prices, especially for economy-class tickets. Rows of seats are shown Sept. 26 on a retrofitted Southwest Airlines jet at Love Field in Dallas. Low-cost airlines are responding by following the old adage that if you can't beat them, join them. That means going premium, following the rapidly growing household wealth among upper-income people. The top one-fifth of U.S. households by income added $35 trillion in wealth since 2019 and holds nearly nine times the wealth of the middle fifth, according to the Federal Reserve . Frontier Airlines organized its fares into four bundles in May, with buyers of higher-priced tickets getting extras such as priority boarding, more legroom and checked bags. The airline dropped ticket-change or cancellation fees except for the cheapest bundle. Spirit followed in August with similar changes, blocking middle seats and charging passengers more for the comfort of aisle and window seats. Spirit Airlines CEO Ted Christie received a $3.8 million retention bonus a week before the Florida-based carrier filed for Chapter 11 bankruptcy. Christie will retain the bonus if he remains with the company for another year. The airline's stock has dropped over 90% this year. It has faced challenges including a blocked $3.8 billion merger with JetBlue and failed talks with Frontier. The pandemic disrupted Spirit's operations and travel patterns, reducing its daily aircraft utilization and increasing costs. Demand has shifted to full-service airlines as higher-income travelers vacation more, while inflation impacts lower-income consumers. JetBlue Airways , which began flying more than 20 years ago as a low-cost carrier but with amenities, is digging out from years of steady losses. Under new CEO Joanna Geraghty, the first woman to lead a major U.S. airline, JetBlue is cutting unprofitable routes, bolstering core markets that include the Northeast and Florida, and delaying deliveries of $3 billion worth of new planes. Starting next year, Southwest Airlines will toss out a half-century tradition of “open seating” — passengers picking their own seat after boarding the plane. Executives say extensive surveying showed 80% of customers preferred an assigned seat, and that's especially true with coveted business travelers. More crowded planes also might be pushing passengers to spend more to escape a middle seat in the back of the plane. A Frontier Airlines jet takes off July 5, 2022, from Denver International Airport in Denver. In other parts of the world, budget carriers are doing just fine. They bounced back from the pandemic just like their more highbrow competitors. Some industry experts say low-cost carriers in Asia and Europe have always attracted a more diverse mix of passengers, while in the U.S., affluent and middle-class travelers look down their noses at low-cost carriers. Jamie Baker, an analyst for JPMorgan, says he has many college friends who work in London and fly Irish airline Ryanair all the time, but he hardly knows anyone who has ever been on a Spirit or Frontier plane. A small plane tows a banner April 13, 2016, over Flint Bishop International Airport as part of ceremonies marking Allegiant Air joining the airport. Delta CEO Ed Bastian is less dismissive of the “lower-end carriers” in the U.S. than United's Kirby. "I don’t see that segment ever disappearing,” Bastian said after Spirit’s bankruptcy filing. “I think there’s a market for it.” At the same time, he said the upscale moves by ultra-low-cost carriers are having no effect on his airline. Delta targets upscale travelers but also introduced basic-economy fares a decade ago, when discounters emerged as a growing threat to poach some of Delta's customers. “Just calling yourself a premium carrier and actually being a premium carrier are two totally different things,” Bastian said “It's not the size of the seat or how much room you have; it's the overall experience.” As frequent flyers know, air travel isn't cheap. With the summer months in full swing, demand for air travel is expected to reach record numbers in 2024 as airlines continue to recover after the COVID-19 pandemic. Luckily for those who are looking for ways to save on travel , one way to cut costs on your next vacation may be in finding the right places to fly in and out of. FinanceBuzz looked at average domestic airfares from the 45 busiest airports in the U.S. to learn which airports are best for travelers on a budget, as well as which ones to avoid if you are trying to travel affordably. Overall, the national average airfare cost decreased by 3.1% from 2022 to 2023 when adjusted for inflation (which translates to a 0.9% increase in non-adjusted dollars). The last time inflation-adjusted airfare costs dropped year-over-year was during the start of the COVID-19 pandemic, when it fell 18% between 2019 and 2020. Largely, this is good news for consumers who can spend less on airfare and have more room in their budget for hotels , restaurants, and other travel fees. In addition to earning rewards on airfare, most travel credit cards offer rewards for spending in these areas, which can offset overall vacation costs. Based on Bureau of Transportation Statistics, the above chart shows inflation-adjusted average airline fares over the past 25 years. For this report, we compared domestic airfares from the 45 busiest airports in the U.S. using data published by the U.S. Department of Transportation . Orlando International Airport (MCO) had the lowest airfare cost in the country at $265.58 on average. Home to iconic theme parks like Universal Studios, Sea World, and most notably, Walt Disney World, Orlando is one of America's top tourist destinations. This is welcome news for those bracing for expensive park tickets and food prices at the House of Mouse. Beyond saving with a Disney credit card on park-related purchases, visitors can also maximize savings by using a credit card like the Chase Sapphire Reserve which offers an annual travel credit, or even using a 0% APR credit card if you don't want to pay for your entire vacation at once. Another Florida-based airport, Fort Lauderdale-Hollywood International Airport (FLL), has the second-lowest average airfare cost in the country — tickets here are only about $5 more expensive than Orlando's. Just a few dollars behind FLL is Las Vegas's Harry Reid International (LAS), where fares cost $272.15 on average. LAS is also the last airport on our list where average airfare costs are less than $300. Oakland International Airport (OAK) has the fourth-lowest average airfare costs in the country at $303.79. And the fifth-least expensive airport, Chicago Midway International (MDW), comes in at $308.27. For the third year in a row, Dulles International Airport (IAD) and San Francisco International Airport (SFO) have the two highest average fares in the country. Flights from Dulles cost $488.40 on average in 2023, while flights from San Francisco cost $444.59. Some silver lining for travelers who need to travel through Dulles: IAD is home to some of the best airport lounges in the country, including the recently-opened Capital One Lounge, available to Capital One Venture X or Venture Rewards credit card holders. With free food, drinks, and recharging stations, lounges can be one easy way to offset otherwise-expensive airport costs. Salt Lake City International Airport (SLC) has the third-highest average airfare in the country, with an average cost of $438.34. Last on our top-five list of the most expensive airports are Charlotte Douglas International Airport (CLT) and Detroit Metro Airport (DTW). Average airfare from Charlotte cost $436.80 last year, while flights from Detroit had an average price tag of $427.05. Seattle-Tacoma International Airport (SEA) was the biggest affordability winner over the last year, dropping prices by more than $18 on average. SEA jumped from 36th most-affordable place last year to 28th place this year — an increase of eight spots. Raleigh-Durham International Airport (RDU) and Portland International Airport (PDX) experienced similar jumps, rising by seven spots each. RDU went from 24th place in 2022 to 17th in 2023, while PDX went from 42nd to 35th. Two different airports fell by eight spots in our affordability rankings, tied for the biggest drop of the year. The average fare at Sacramento International Airport (SMF) rose by $18.66 year-over-year, which led SMF to go from 18th in last year's affordability rankings to 26th this year. Prices rose even more at St. Louis Lambert International Airport (STL), going up by $19.64 on average from one year to the next. Consequently, STL fell from 21st to 29th place in terms of affordability. As you plan your travel, you'll find costs can vary widely at a single airport. With a little research and smart planning, you can find a deal at any airport. Here are a few tips to save on airfare: We looked at 2023 airfare data released by the U.S. Department of Transportation in May 2024 to compare domestic airfares by origin city. This report calculated average fares based on domestic itinerary fares. "Itinerary fares" consist of round-trip fares, unless only a one-way ticket was purchased. In that case, the one-way fare was used. Fares are based on total ticket value, including the price charged by the airline plus any additional taxes and fees levied at the time of purchase. Fares include only the price paid at booking and do not include fees for optional services like baggage fees. Averages also do not include frequent-flyer or "zero fares" or a few abnormally high reported fares. This stor y was produced by FinanceBuzz and reviewed and distributed by Stacker Media. Stay up-to-date on what's happening Receive the latest in local entertainment news in your inbox weekly!
Alexander and Boston University secure 80-74 OT win over AlbanyLawmakers face deepfake threatsCambridge, MA, Nov. 21, 2024 (GLOBE NEWSWIRE) -- The 2024 IOF-ADA Forsyth International Orthodontic Symposium, held in Cambridge, MA, USA, on October 5-6, brought together thought leaders from around the globe to discuss the latest innovations and advancements in orthodontics. This milestone event marked the first of three joint symposia by the International Orthodontics Foundation and ADA Forsyth Institute to promote global innovation in orthodontics. With 20 lectures and two fireside discussions led by 30 experts from 24 international institutions, the symposium attracted 111,000 online views from 52 countries and regions, in addition to the sold-out venue audience. Last year, the symposium was held in Hong Kong (Asia), and next year, it will take place in Madrid (Europe). IOF’s transition from Asia to the Americas and then to Europe demonstrates its commitment to ensuring that voices from different academic schools of thought are heard on a global stage. As Donald Huang, Co-chairman of the Board of IOF and Partner and Managing Director of CareCapital Group, stated, “Each year, IOF selects a city embodying innovation and progress for our annual symposium. From Hong Kong's vibrant skyline to Boston's rich history and cutting-edge healthcare, we've connected with remarkable minds.” Innovation in orthodontics and beyond The 2024 symposium brought together some of the most influential thought leaders in orthodontics, each sharing valuable insights that will shape the future of the field. Experts discussed how the latest advancements in technology influence daily clinical practices and how these innovations will continue to evolve. Contributions from notable figures such as Dr. Raymond Cohlmia, Executive Director of the American Dental Association, and renowned materials scientist and MIT Professor Michael Cima, a member of the prestigious National Academy of Engineering, provided a forward-looking view on how orthodontic technologies will impact both clinicians and patients alike. "ADA Forsyth’s mission is to serve and help people globally,” Dr. Cohlmia said in his presentation which opened the conference. “The orthodontic research and innovation communities must rise to the challenge of revolutionizing orthodontic treatment with new technologies." Prof. Cima shared that science is about making the “unknown” known, and engineering is about making the “impossible” possible, as he highlighted the role of each in driving change. He described his cutting-edge work creating a precision drug delivery device for epilepsy that could potentially inspire new therapeutic procedures in dentistry. Over the course of the two-day symposium, leading experts shared their latest innovations in areas such as orthodontic appliances, AI-assisted personalized treatment, novel tools for sleep apnea monitoring, complex-case management, and tele-orthodontics. The symposium also highlighted significant innovations such as Miniscrew-assisted rapid palatal expansion (MARPE), and the use of AI and VR in orthodontic education, and clinical practice. AI-driven diagnostic and planning tools are providing orthodontists with new ways to improve care, making treatments more precise and accessible. Experts share best practices and limitations to integrate some of these technologies into clinical workflow, offering practical solutions that enhance treatment efficiency and patient outcomes. AFI-IOF Partnership aims to revolutionize oral health Though the core missions of AFI and IOF are different, both are committed to expanding education and collaboration while empowering the use of new technologies to revolutionize access and quality of oral health care. Through continuous efforts in education, research, and building a global platform for communication, IOF is breaking geographical barriers and making significant strides in enhancing patient care worldwide—whether in developed nations or in developing regions. During this year's symposium, three IOF members from the United States, Italy, and Syria shared their moving stories, recounting how the IOF has transformed their lives. Donald Huang remarked, “As we connect with members globally, we found many inspiring stories. Their stories remind us of the profound difference we make as educators, mentors, and professionals in this field. Our true measure of success lies not in numbers, but in the hearts we've touched – confident children, purpose-driven orthodontists, and transformed lives.” Dr. Kang Ting, Executive Director at the IOF and Adjunct Faculty at AFI affirmed IOF’s commitment to education in his speech: "We believe that freely accessible high-quality global education and research opportunities are not just for our professionals, but truly for the benefit of patients worldwide and the public interest. It is a vision that welcomes and includes all, regardless of background or location." Dr. Wenyuan Shi, CEO of AFI, identified the collaboration with IOF as one of the first of many such partnerships, representing AFI’s commitment to expanding access to oral health care globally: “We are working to promote advancement of cutting-edge technologies and research in the field, through collaborative projects with international partners, including joint training programs for postdocs and joint symposia.” Earlier this year, the Institute signed partnerships with Dubai Health and Seoul National University, to improve international collaboration and further education in oral health research and innovation. 2025 Symposium: Emerging Technology for Interdisciplinary Care The 2025 AFI-IOF International Orthodontics Symposium in partnership with UCM, will convene at Complutense University of Madrid (UCM), Spain, on June 27-28, 2025. With the theme Emerging Technology for Interdisciplinary Care , this symposium marks the first tri-party collaboration in its history, bringing together IOF, a global academic organization; AFI, a leading North American dental research institute; and UCM, one of Europe’s foremost research universities, to create a global forum for knowledge exchange. Through this unique alliance, the symposium will gather experts in orthodontics from across Europe, North America, Asia, and other regions to delve into advancements in orthodontic innovation and explore intersections with disciplines such as materials science and computer science. This exchange promises a dynamic fusion of diverse academic perspectives that will further elevate orthodontic practice worldwide. Company: International Orthodontics Foundation Limited Contact Person: Brandon Kan Email: brandon.kan@iofglobal.org Website: https://www.iofglobal.org Telephone: +862155821505 City: HongKong Address: Unit 1603, 16/F Tower 1, Silvercord 30 Canton RD TST KL, HongKong Disclaimer: The opinions expressed in this article are those of the author and do not necessarily reflect the views or positions of KISS PR or its partners. This content is provided for informational purposes only and should not be construed as legal, financial, or professional advice. KISS PR makes no representations as to the accuracy, completeness, correctness, suitability, or validity of any information in this article and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. All information is provided on an as-is basis.
BENDIGO marathon star Andy Buchanan is eyeing a chance to lower his personal best when he contests the Valencia Marathon for the first time tonight. or signup to continue reading The Paris Olympian goes into this race in seventh place on the ladder for the fastest marathon time by an Australian athlete. Buchanan jumped into the top 10 when he achieved a personal best of 2 hours 8.58 minutes as he claimed 11th place in this year's Hamburg Marathon in Germany. Just a few months later, the Bendigo University runner earned a late call-up for Paris when Brett Robinson was out of the running for the Paris Marathon because of injury. The national record of 2:07.31 for the marathon was set by Robinson at Fukuoka in Japan in 2022. Buchanan ran the 42.2km duel in Paris in 2:12.58 to be 45th overall. In the lead-up to the Valencia race, Buchanan spoke about a chance to overtake Aussie marathon greats such as Rob de Castella, Steve Moneghetti and Derek Clayton on the list of fastest times. "People are saying I'm in Australian record shape and I never thought people would mention me in that discussion, so I'm just enjoying it," Buchanan told Athletics Australia. People are saying I'm in Australian record shape and I never thought people would mention me in that discussion, so I'm just enjoying it "I've got a lot of respect for Brett [Robinson]. The fact that he was the first one to break through and do that, I think that's the hardest thing. I can see Australian male marathon times getting down to low 2:06 - whether that's me or someone else." It's taken years of dedication to now be racing at international level. A big year for Buchanan included victory in the Oceania half-marathon on the Gold Coast and half-marathon at the Nike Melbourne Marathon. The gun athlete racks up about 180km a week training and is heavily involved with coaching in the athlete development program at Bendigo South East Secondary College. Buchanan's mindset in training is more on effort than numbers. He raced to seventh place at the 2022 Birmingham Commonwealth Games and is now in elite company as an Olympian. "I didn't realise how much small towns really get around their Olympians, because they feel like part of their journey and really connected," Buchanan said. "When I go for coffee or I'm out for a run, people will tell me how good my run in Paris was or where they watched it." Among the goals for next year is the World Athletics Championships in Tokyo. The Valencia Marathon starts at 6.15pm (AEDT) tonight. DAILY Today's top stories curated by our news team. WEEKDAYS Grab a quick bite of today's latest news from around the region and the nation. WEEKLY The latest news, results & expert analysis. WEEKDAYS Catch up on the news of the day and unwind with great reading for your evening. WEEKLY Get the editor's insights: what's happening & why it matters. WEEKLY Love footy? We've got all the action covered. WEEKLY Every Saturday and Tuesday, explore destinations deals, tips & travel writing to transport you around the globe. WEEKLY Going out or staying in? Find out what's on. WEEKDAYS Sharp. Close to the ground. Digging deep. Your weekday morning newsletter on national affairs, politics and more. TWICE WEEKLY Your essential national news digest: all the big issues on Wednesday and great reading every Saturday. WEEKLY Get news, reviews and expert insights every Thursday from CarExpert, ACM's exclusive motoring partner. TWICE WEEKLY Get real, Australia! Let the ACM network's editors and journalists bring you news and views from all over. AS IT HAPPENS Be the first to know when news breaks. DAILY Your digital replica of Today's Paper. Ready to read from 5am! DAILY Test your skills with interactive crosswords, sudoku & trivia. Fresh daily!The Central Bank of Nigeria (CBN) has outlined key initiatives for 2025 aimed at advancing the country’s financial services sector. Speaking at the Bankers’ Committee Annual Dinner held on November 29, 2024, CBN Governor Olayemi Cardoso revealed plans to implement the open banking framework, promote contactless payment systems, and expand the regulatory sandbox. These initiatives, he noted, are central to deepening financial inclusion and enhancing Nigeria’s payment ecosystem. Related Stories How Much Money Do You Need To Start Investing? Why Does My Money Feel Smaller Everyday? Understanding Nigerian Inflation What Cardoso is saying “In 2025, we will prioritize initiatives including implementing our open banking framework, advancing contactless payment systems, and expanding our regulatory sandbox. Additionally, we will issue revised guidelines for agency banking and continue to strengthen electronic payment channels.” Open Banking : Cardoso highlighted the implementation of the open banking framework as a top priority for the coming year. Open banking, which enables secure sharing of financial data between banks and third-party service providers, is expected to spur innovation and create new opportunities within the financial technology (fintech) space. With open banking gaining traction globally, Nigeria’s adoption of this framework is anticipated to catalyze the development of new financial products, improve service delivery, and enhance customer experience across the industry. Advancing Contactless Payments: As part of its vision for a more seamless payment system, the CBN plans to advance contactless payment solutions in 2025. Cardoso emphasized the need to align with global trends, where contactless payment systems are fast becoming the norm for retail transactions. The initiative is expected to drive the adoption of modern payment technologies, reduce transaction times, and promote cashless transactions, particularly among Nigeria’s growing youth and tech-savvy population. Regulatory Sandbox for Innovation: Cardoso also announced plans to expand the CBN’s regulatory sandbox, a controlled environment where fintech companies can test innovative products under the supervision of the regulator. The sandbox expansion is expected to encourage startups and established financial institutions to experiment with novel solutions in areas such as blockchain, artificial intelligence, and digital currencies. Another priority area for the CBN in 2025 is bolstering the robustness of Nigeria’s electronic payment infrastructure. Cardoso stressed the importance of strengthening these channels to support a more cashless economy and ensure resilience against cyber threats. The CBN will also issue revised guidelines for agency banking, a critical tool in extending financial services to underserved and rural communities. Cardoso explained that these updates are aimed at enhancing the operational efficiency and security of agency banking networks, ensuring they remain a reliable channel for financial inclusion. The outlined initiatives align with the CBN’s broader vision of fostering a modern, resilient, and inclusive financial system. By prioritizing innovation, regulatory advancements, and infrastructure upgrades, the apex bank seeks to position Nigeria as a leader in digital finance within Africa.
Camara 8-13 0-0 21, Jones 2-3 0-0 4, Kelly 10-18 0-0 20, Berry 1-7 4-4 7, R.Johnson 8-14 4-6 23, Gibson 1-2 0-1 2, Oden 2-6 0-0 6. Totals 32-63 8-11 83. B.Johnson 7-13 3-5 23, Kidd 4-8 1-1 9, Bethea 3-8 0-0 6, Blackmon 4-11 0-0 9, Staton-McCray 4-8 3-4 13, Swartz 4-6 4-4 15, Cleveland 1-2 0-0 2, Djobet 1-2 0-0 2, Ugochukwu 0-1 0-0 0. Totals 28-59 11-14 79. Halftime_Charleston Southern 45-37. 3-Point Goals_Charleston Southern 11-24 (Camara 5-10, R.Johnson 3-6, Oden 2-4, Berry 1-3, Kelly 0-1), Miami 12-33 (B.Johnson 6-12, Swartz 3-4, Staton-McCray 2-4, Blackmon 1-8, Cleveland 0-1, Djobet 0-1, Ugochukwu 0-1, Bethea 0-2). Rebounds_Charleston Southern 31 (Kelly 11), Miami 27 (B.Johnson 8). Assists_Charleston Southern 15 (Kelly 6), Miami 16 (Kidd, Djobet 4). Total Fouls_Charleston Southern 14, Miami 14. A_3,244 (8,000).Advantage Media Partners Expands Team to Boost SEO Services
DALLAS — Delta and United became the most profitable U.S. airlines by targeting premium customers while also winning back a significant share of travelers on a tight budget. That is squeezing smaller low-fare carriers like Spirit Airlines , which recently filed for bankruptcy protection. Some travel-industry experts think Spirit’s troubles indicate that travelers on a budget will be left with fewer choices and higher prices. Other discount airlines are on much better financial footing than Spirit, but they too are lagging far behind the full-service airlines when it comes to recovering from the COVID-19 pandemic . Most industry experts think Frontier Airlines and other so-called ultra-low-cost carriers will fill the vacuum if Spirit shrinks , and that there is still plenty of competition to prevent prices from spiking. Spirit Airlines lost more than $2.2 billion since the start of 2020. Frontier has not reported a full-year profit since 2019, though that slump might end this year. Allegiant Air’s parent company is still profitable, but less so than before the pandemic. Those kind of numbers led United Airlines CEO Scott Kirby to declare recently that low-cost carriers were using “a fundamentally flawed business model” and customers hate flying on them. Kirby’s touchdown dance might turn out to be premature, but many analysts are wary about the near-term prospects for budget airlines, which charge cheaper fares but more fees than the big airlines. A traveler speaks with a Spirit Airlines agent May 24 at Hartsfield-Jackson Atlanta International Airport ahead of Memorial Day in Atlanta. Low-cost airlines grew in the last two decades by undercutting big carriers on ticket prices, thanks in large part to lower costs, including hiring younger workers who were paid less than their counterparts at Delta Air Lines, United and American Airlines . Wages soared across the industry in the past two years, however, narrowing that cost advantage. The big airlines rolled out and refined their no-frills, “basic economy” tickets to compete directly with Spirit, Frontier and other budget carriers for the most price-sensitive travelers. The budget airlines became less efficient at using planes and people. As their growth slowed, they wound up with more of both than they needed. In 2019, Spirit planes were in the air an average of 12.3 hours every day. By this summer, the planes spent an average of two more hours each day sitting on the ground, where they don't make money. Spirit's costs per mile jumped 32% between 2019 and 2023. Another issue is that airlines added too many flights. Budget airlines and Southwest Airlines were among the worst offenders, but full-service airlines piled on. To make up for a drop in business travel, the big carriers added more flights on domestic leisure routes. The result: Too many seats on flights into popular tourist destinations such as Florida and Las Vegas, which drove down prices, especially for economy-class tickets. Rows of seats are shown Sept. 26 on a retrofitted Southwest Airlines jet at Love Field in Dallas. Low-cost airlines are responding by following the old adage that if you can't beat them, join them. That means going premium, following the rapidly growing household wealth among upper-income people. The top one-fifth of U.S. households by income added $35 trillion in wealth since 2019 and holds nearly nine times the wealth of the middle fifth, according to the Federal Reserve . Frontier Airlines organized its fares into four bundles in May, with buyers of higher-priced tickets getting extras such as priority boarding, more legroom and checked bags. The airline dropped ticket-change or cancellation fees except for the cheapest bundle. Spirit followed in August with similar changes, blocking middle seats and charging passengers more for the comfort of aisle and window seats. Spirit Airlines CEO Ted Christie received a $3.8 million retention bonus a week before the Florida-based carrier filed for Chapter 11 bankruptcy. Christie will retain the bonus if he remains with the company for another year. The airline's stock has dropped over 90% this year. It has faced challenges including a blocked $3.8 billion merger with JetBlue and failed talks with Frontier. The pandemic disrupted Spirit's operations and travel patterns, reducing its daily aircraft utilization and increasing costs. Demand has shifted to full-service airlines as higher-income travelers vacation more, while inflation impacts lower-income consumers. JetBlue Airways , which began flying more than 20 years ago as a low-cost carrier but with amenities, is digging out from years of steady losses. Under new CEO Joanna Geraghty, the first woman to lead a major U.S. airline, JetBlue is cutting unprofitable routes, bolstering core markets that include the Northeast and Florida, and delaying deliveries of $3 billion worth of new planes. Starting next year, Southwest Airlines will toss out a half-century tradition of “open seating” — passengers picking their own seat after boarding the plane. Executives say extensive surveying showed 80% of customers preferred an assigned seat, and that's especially true with coveted business travelers. More crowded planes also might be pushing passengers to spend more to escape a middle seat in the back of the plane. A Frontier Airlines jet takes off July 5, 2022, from Denver International Airport in Denver. In other parts of the world, budget carriers are doing just fine. They bounced back from the pandemic just like their more highbrow competitors. Some industry experts say low-cost carriers in Asia and Europe have always attracted a more diverse mix of passengers, while in the U.S., affluent and middle-class travelers look down their noses at low-cost carriers. Jamie Baker, an analyst for JPMorgan, says he has many college friends who work in London and fly Irish airline Ryanair all the time, but he hardly knows anyone who has ever been on a Spirit or Frontier plane. A small plane tows a banner April 13, 2016, over Flint Bishop International Airport as part of ceremonies marking Allegiant Air joining the airport. Delta CEO Ed Bastian is less dismissive of the “lower-end carriers” in the U.S. than United's Kirby. "I don’t see that segment ever disappearing,” Bastian said after Spirit’s bankruptcy filing. “I think there’s a market for it.” At the same time, he said the upscale moves by ultra-low-cost carriers are having no effect on his airline. Delta targets upscale travelers but also introduced basic-economy fares a decade ago, when discounters emerged as a growing threat to poach some of Delta's customers. “Just calling yourself a premium carrier and actually being a premium carrier are two totally different things,” Bastian said “It's not the size of the seat or how much room you have; it's the overall experience.” For the third year in a row, Dulles International Airport (IAD) and San Francisco International Airport (SFO) have the two highest average fares in the country. Flights from Dulles cost $488.40 on average in 2023, while flights from San Francisco cost $444.59. Some silver lining for travelers who need to travel through Dulles: IAD is home to some of the best airport lounges in the country, including the recently-opened Capital One Lounge, available to Capital One Venture X or Venture Rewards credit card holders. With free food, drinks, and recharging stations, lounges can be one easy way to offset otherwise-expensive airport costs. Salt Lake City International Airport (SLC) has the third-highest average airfare in the country, with an average cost of $438.34. Last on our top-five list of the most expensive airports are Charlotte Douglas International Airport (CLT) and Detroit Metro Airport (DTW). Average airfare from Charlotte cost $436.80 last year, while flights from Detroit had an average price tag of $427.05. Seattle-Tacoma International Airport (SEA) was the biggest affordability winner over the last year, dropping prices by more than $18 on average. SEA jumped from 36th most-affordable place last year to 28th place this year — an increase of eight spots. Raleigh-Durham International Airport (RDU) and Portland International Airport (PDX) experienced similar jumps, rising by seven spots each. RDU went from 24th place in 2022 to 17th in 2023, while PDX went from 42nd to 35th. Two different airports fell by eight spots in our affordability rankings, tied for the biggest drop of the year. The average fare at Sacramento International Airport (SMF) rose by $18.66 year-over-year, which led SMF to go from 18th in last year's affordability rankings to 26th this year. Prices rose even more at St. Louis Lambert International Airport (STL), going up by $19.64 on average from one year to the next. Consequently, STL fell from 21st to 29th place in terms of affordability. As you plan your travel, you'll find costs can vary widely at a single airport. With a little research and smart planning, you can find a deal at any airport. Here are a few tips to save on airfare: We looked at 2023 airfare data released by the U.S. Department of Transportation in May 2024 to compare domestic airfares by origin city. This report calculated average fares based on domestic itinerary fares. "Itinerary fares" consist of round-trip fares, unless only a one-way ticket was purchased. In that case, the one-way fare was used. Fares are based on total ticket value, including the price charged by the airline plus any additional taxes and fees levied at the time of purchase. Fares include only the price paid at booking and do not include fees for optional services like baggage fees. Averages also do not include frequent-flyer or "zero fares" or a few abnormally high reported fares. This stor y was produced by FinanceBuzz and reviewed and distributed by Stacker Media. As frequent flyers know, air travel isn't cheap. With the summer months in full swing, demand for air travel is expected to reach record numbers in 2024 as airlines continue to recover after the COVID-19 pandemic. Luckily for those who are looking for ways to save on travel , one way to cut costs on your next vacation may be in finding the right places to fly in and out of. FinanceBuzz looked at average domestic airfares from the 45 busiest airports in the U.S. to learn which airports are best for travelers on a budget, as well as which ones to avoid if you are trying to travel affordably. Overall, the national average airfare cost decreased by 3.1% from 2022 to 2023 when adjusted for inflation (which translates to a 0.9% increase in non-adjusted dollars). The last time inflation-adjusted airfare costs dropped year-over-year was during the start of the COVID-19 pandemic, when it fell 18% between 2019 and 2020. Largely, this is good news for consumers who can spend less on airfare and have more room in their budget for hotels , restaurants, and other travel fees. In addition to earning rewards on airfare, most travel credit cards offer rewards for spending in these areas, which can offset overall vacation costs. Based on Bureau of Transportation Statistics, the above chart shows inflation-adjusted average airline fares over the past 25 years. For this report, we compared domestic airfares from the 45 busiest airports in the U.S. using data published by the U.S. Department of Transportation . Orlando International Airport (MCO) had the lowest airfare cost in the country at $265.58 on average. Home to iconic theme parks like Universal Studios, Sea World, and most notably, Walt Disney World, Orlando is one of America's top tourist destinations. This is welcome news for those bracing for expensive park tickets and food prices at the House of Mouse. Beyond saving with a Disney credit card on park-related purchases, visitors can also maximize savings by using a credit card like the Chase Sapphire Reserve which offers an annual travel credit, or even using a 0% APR credit card if you don't want to pay for your entire vacation at once. Another Florida-based airport, Fort Lauderdale-Hollywood International Airport (FLL), has the second-lowest average airfare cost in the country — tickets here are only about $5 more expensive than Orlando's. Just a few dollars behind FLL is Las Vegas's Harry Reid International (LAS), where fares cost $272.15 on average. LAS is also the last airport on our list where average airfare costs are less than $300. Oakland International Airport (OAK) has the fourth-lowest average airfare costs in the country at $303.79. And the fifth-least expensive airport, Chicago Midway International (MDW), comes in at $308.27. Receive the latest in local entertainment news in your inbox weekly!Ravens vs. Chargers live score, updates, highlights from NFL 'Monday Night Football' game | Sporting News
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