Transatlantic airfares slump as Western Europeans skip US travel

Airfare Trends: Airfares from Europe to the U.S. have decreased significantly, reaching pre-pandemic levels, with a 10% drop in round-trip tickets compared to last year, as Western European travelers reduce their trips to the U.S.

Travel Demand Dynamics: Despite a decline in European travelers heading to the U.S., increased demand from American travelers flying to Europe is helping airlines maintain profitability, although major carriers anticipate weaker demand and are adjusting prices accordingly.