Image: American Airlines
This year, Americans have been popping on red berets and traveling internationally at rates rivaling pre-pandemic times. And they’re shelling out cash to do so in comfort.
According to data reported by CNBC, economy seats currently account for ~79% of airline tickets sold between the US and Europe, down from ~82% in 2018. However, people paying for premium seating – which includes everything from extra legroom seats to international business class, and can cost 2x-5x more than economy – is on the rise.
📸🗺️ Big picture: Demand for domestic travel is starting to flatten, but according to estimates from AAA, international travel bookings for 2023 were up 40% year-over-year through May.
The top destinations for Americans wanting to have their Emily in Paris moment? Spain, Italy, Greece, and – of course – France.
🧑🚀🚀 Around 11 am ET, the launch window for Virgin Galactic’s first spaceflight containing at least one paying civilian passenger begins. And for the Richard Branson-founded space company, which opened shop in 2004, it’s been a long time coming.
🏦📉 The US government isn’t the only one at the ratings downgrade party. This week, Moody’s downgraded the credit rating of 10 small and mid-sized US banks by one rung, and placed several big Wall Street names on negative review.
📱📅 The iPhone 15 now has a public release date.
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