Overview

• Overseas arrivals to the US slipped 2.8% in May, led by a 4.4% drop in travelers from Western Europe.
• Forward bookings for July indicate a 13% year-over-year decline in inbound travel to the US.
• Average round-trip economy airfares fell 7% in the first quarter, with routes such as Atlanta to London down 55%.
• Lufthansa CEO Carsten Spohr and Air France KLM CEO Ben Smith both forecast weaker third-quarter demand on transatlantic routes.
• US carriers say stronger domestic demand for Europe is helping offset the shortfall in European passengers.