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ome Fly With Me
. Airlines are increasingly targeting consumers with aggressive advertising and special deals to entice them to book vacations
. Suffering from cabin fever and armed with stimulus checks, consumers are heeding the call.
Airfares are surging in demand and accordingly in price, boosting the bottom lines of pandemic-battered air carriers. The airline industry is an economic bellwether and its recovery bodes well for the overall economy and stock market.
Airlines Reporting Corp., which compiles consumer-to-airline transactional data, reported on April 15 that accredited travel agencies racked up a total of $2.8 billion in net sales for March 2021, a whopping 82% increase compared to February. Month-over-month comparisons in March showed increases in total passenger trips (+54%); U.S. domestic trips (+50%); and international trips (+66%).