Cruise Lines Are Sold Out, And Airlines Are Adding Capacity. The Market Isn't Paying Attention
Travel demand remains strong despite rising costs and gas prices. Cruise lines, particularly Viking, are seeing high booking rates, with 92% of 2026 sailings already booked. Airlines are also increasing capacity to maintain competitive fares, indicating resilience in the travel industry.
- ▪Travel demand is robust with a 9% year-over-year cost increase and $4.50 per gallon gas.
- ▪Viking's Q1 revenue rose 17.5% year-over-year, and 2026 sailings are 92% booked.
- ▪Airlines and low-cost carriers are adding capacity to keep fares competitive despite rising fuel prices.
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