Delta variant dampens airline industry's path to recovery, Adobe says
Fox Business Flash top headlines for August 26
Check out what’s clicking on FoxBusiness.com.
The highly contagious delta variant of the coronavirus, which continues to make its way into communities across the country, "has all but blunted" the airline industry's path to recovery as travelers rethink their plans again, according to Adobe Analytics.
At the start of the year, consumer confidence in travel picked up as vaccination rates rose across the nation. The pent-up demand in air travel was a welcome relief for the battered industry with consumers spending $6 billion in domestic flights in June. This figure was only 5% below pre-pandemic levels, according to Adobe.
CLICK HERE TO READ MORE ON FOX BUSINESS
However, online spending in domestic flight bookings dropped by 13% in July, with consumers spending a total of $5.26 billion, according to Adobe.