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Airline industry remains 'volatile' as flight bookings drop in August
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The delta variant of the coronavirus continues to wreak havoc on the airline industry's path to recovery, with domestic flight bookings declining 24% in August, according to new data.
Consumers spent a total of $4 billion on domestic flights in August, down from the $5.26 billion spent in July and the $6 billion in June, according to the Adobe Digital Economy Index, which has been tracking the variant's impact on travel.
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Additionally, Thanksgiving travel bookings in August – which is typically when a surge of consumers book holiday travel plans – were also down, about 18%, compared to pre-pandemic times. Comparatively, in 2019, 22% of Thanksgiving tickets had been booked by August.