The airline industry just turned on the proverbial seat belt sign.
The general consensus among the TSA, airlines, and aviation officials is that this summer is shaping up to be a tough one for air travelers. It’s never a good sign when those in charge of making sure that things run smoothly are the ones warning you things might not run smoothly.
This summer of travel might be more frustrating than most due to a combination of factors:
High Stress, Low Staff
To start, the TSA expects a record number of travelers to hit the skies this summer. On top of that, staffing is down roughly 20% across the industry, which has caused many major airlines to trim their summertime service. In other words, airports are understaffed, forcing airlines to cut down on flights right as air travel is expected to hit a record.
Some individual markets are struggling even more. The crowded New York area reportedly has only 50% of its target staffing levels. Since New York sends flights around the country and world, this problem ripples out to other airports.
Protect Your Plans
No matter how early you arrive at the airport, there’s little you can do to overcome a delayed or canceled flight.
With that said, one possible way to address a busy season is to utilize a credit card that offers travel protections. One understated perk of select credit cards is that they come with built-in insurance for trip cancellation or interruption, as well as rental cars. But remember, outstanding balances on credit cards will roll over to the next month and begin accruing interest and fees — which can significantly add up over time. It’s best to get in the habit of paying off your credit card every month to avoid paying an exorbitant amount of interest.
This summer is shaping up to be more hectic than most. But hopefully once you’ve navigated the airport’s turbulence, the skies at your destination will seem even sunnier.
Looking for more stories like this? Check out On the Money — SoFi’s one-stop-shop for news, trends, and tips!
Please understand that this information provided is general in nature and shouldn’t be construed as a recommendation or solicitation of any products offered by SoFi’s affiliates and subsidiaries. In addition, this information is by no means meant to provide investment or financial advice, nor is it intended to serve as the basis for any investment decision or recommendation to buy or sell any asset. Keep in mind that investing involves risk, and past performance of an asset never guarantees future results or returns. It’s important for investors to consider their specific financial needs, goals, and risk profile before making an investment decision.
The information and analysis provided through hyperlinks to third party websites, while believed to be accurate, cannot be guaranteed by SoFi. These links are provided for informational purposes and should not be viewed as an endorsement. No brands or products mentioned are affiliated with SoFi, nor do they endorse or sponsor this content.
Communication of SoFi Wealth LLC an SEC Registered Investment Advisor
SoFi isn’t recommending and is not affiliated with the brands or companies displayed. Brands displayed neither endorse or sponsor this article. Third party trademarks and service marks referenced are property of their respective owners.