This year’s celebration may be something of a battle with the elements. Read more at straitstimes.com.
NEW YORK - Travel forecasters are predicting record travel for the July 4th weekend, but this year’s celebration may also be something of a battle with the elements.
Ms Jennifer Hamilton encountered “packed” airports as she navigated a newly circuitous itinerary to Costa Rica from Washington after construction on an airport runway cancelled her original flight. “Consumers have taken some heavy punches but they’re still standing,” said Mr Tom Bailey, senior consumer foods analyst at Rabobank, adding that the July 4th gathering is a “splurge” item.
“Travel remains really robust,” said Mr Siye Desta, an equity analyst at CFRA Research. “There hasn’t been any sign of any pullback in consumer spending in travel, even though prices have meaningfully increased.”Stormy weather ahead? United Airlines, the carrier most at centre of this week’s Big Apple travel nightmare, blamed understaffing of the Federal Aviation Administration for the outsized impact of the storm.
“As the recovery progresses, delays and cancelations will continue to decline as we head into what we expect to be a very busy holiday weekend,” the company said, adding it is watching weather in Denver and Chicago.
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