Unfortunately, I’m not here to tell you airfare prices are on the decline. I’m here to rant and rave along with you. According to Southwest CEO Robert Jordan, those nightmare-ish flight costs aren’t coming down anytime soon.
During a recent earnings call, Jordan blamed a number of factors—including increased wages and fuel problems—for the spike, but said high demand is the main culprit, Travel + Leisure reports.
“Looking forward, demand continues to be strong. We continue to experience both inflationary pressures and headwinds from lower productivity and efficiency,” Jordan said. “So far, demand remains strong, and we haven’t seen material impacts to our business. As always, we’ll continue to monitor the environment and be ready to respond if needed.”
Here’s the good news: according to Jordan, “there are data points out there that could indicate early signs of a slowdown.” Another morsel of hope? It’s all about your savings strategy.