Business
Summer travel isn’t as easy as it used to be for airlines
A passenger looks at aircrafts at Hartsfield-Jackson Atlanta International Airport in Atlanta, Georgia on July 2, 2025.
Charly Triballeau | AFP | Getty Images
Making money in the summer is not as easy as it used to be for airlines.
Airlines have drawn down their schedules in August for a variety of reasons. Some travelers are opting to fly earlier, in June or even May, as schools let out sooner than they used to. Demand for flights to Europe has also been moving from the sweltering, crowded summer to the fall, airline executives have said, especially for travelers with more flexibility, like retirees.
Carriers still make the bulk of their money in the second and third quarters. But as travel demand has shifted, and in some cases customers have become altogether unpredictable, making the third quarter less of a shoo-in moneymaker for airlines.
Change of plans, pricier tickets
Airline planners have been forced to get more surgical with schedules in August as leisure demand tapers off from the late spring and summer peaks. Labor and other costs have jumped after the pandemic, so getting the mix of flights right is essential.
Carriers across the industry have been taking flights off the schedule after an overhang of too much capacity pushed down fares this summer. But the capacity cuts are set to further drive up airfares, which rose 0.7% in July from last year, and a seasonally adjusted 4% jump from June to July, according to the latest U.S. inflation read.
U.S. airlines’ domestic capacity is down 6% in August from July, according to aviation data firm Cirium. The same period last year, they cut domestic capacity just over 4% compared with just a 0.6% downsize between the months in 2023, Cirium said. From July to August in 2019, airlines cut 1.7% of capacity.
Carriers that bet on a blockbuster year were left disappointed earlier in 2025 when consumers weighed President Donald Trump‘s on-again, off-again tariffs and economic uncertainty. To attract more customers, many airlines slashed prices, even for flights in the summer peaks in late June and July.
Demand has improved, airline executives said on earnings calls in recent months, but carriers including Delta, American, United and Southwest last month lowered their 2025 profit forecasts compared with their sunnier outlooks at the start of the year.
Further complicating matters, some travelers have been also waiting until the last minute to book flights.
“It really was, I would say, middle of May, when we started seeing Memorial Day bookings pick up,” JetBlue Airways President Marty St. George told investors last month. “We had a fantastic Memorial Day, much better than forecast, and that really carried into June. But it does have the feeling of people just waited a long time to make the final decisions.”
There’s always next year
Now, some airlines are already thinking about how to tackle ever-changing travel patterns next year.
“Schools are going back earlier and earlier but what you also see is schools are getting out earlier and earlier,” Brian Znotins, American Airlines‘ vice president of network planning and schedule, told CNBC.
Public schools in Dallas and Fort Worth, Texas, returned on Aug. 5, and Atlanta public schools resumed Aug. 4. In 2023, more than half of the country’s public school students went back to classrooms by mid-August, according to the Pew Research Center.
Southwest, with its Texas roots, ended its summer schedule on Aug. 5 this year, compared with Aug. 15 in 2023. American, for its part, is shifting some peak flying next year.
“We’re moving our whole summer schedule change to the week before Memorial Day,” Znotins said. “That’s just in response to schools letting out in the spring.” Those plans include additions of a host of long-haul international flights.
“We are a year-round airline,” he continued. Znotins said the carrier has to not just make sure there are enough seats for peak periods, but know when to cut back in lighter quarters, like the first three months of the year.
“For a network planner, the harder schedules to build are the ones where there’s lower demand because you can’t just count on demand coming to your flights,” Znotins said. “When demand is lower, you need to find ways to attract customers to your flights with a good quality schedule and product changes.”
American said its schedule by seats in August was on par with July in 2019, but that this year it was 6% lower in August from July.
American forecast last month it could lose an adjusted 10 cents to 60 cents a share in the third quarter, below what analysts are expecting. CEO Robert Isom said on an earnings call that “July has been tough,” though the carrier says trends have improved.
The capacity cuts, coupled with more encouraging booking patterns lately, are fueling optimism about a better supply and demand balance in the coming weeks.
“The mistake some airlines make, you tend to try to build a church for Easter Sunday: You build your capacity foundation for those peak periods and then you have way too many [employees],” said Raymond James airline analyst Savanthi Syth.
She said it was unusual to see airlines across the board pruning their summer schedules before even the peak period ended, but she is upbeat about demand, and fares, going forward.
“Time has passed and people are getting a little more certainty on what their future looks like and they’re more willing to spend,” she said.
The government on Thursday kept petrol and high-speed diesel (HSD) prices unchanged at Rs253.17 per litre and Rs257.08 per litre respectively, for the coming fortnight, starting from January 16.
This decision was notified in a press release issued by the Petroleum Division.
Earlier, it was expected that the prices of all petroleum products would go down by up to Rs4.50 per litre (over 1pc each) today in view of variation in the international market.
Petrol is primarily used in private transport, small vehicles, rickshaws, and two-wheelers, and directly impacts the budgets of the middle and lower-middle classes.
Meanwhile, most of the transport sector runs on HSD. Its price is considered inflationary, as it is mostly used in heavy transport vehicles, trains, and agricultural engines such as trucks, buses, tractors, tube wells, and threshers, and particularly adds to the prices of vegetables and other eatables.
The government is currently charging about Rs100 per litre on petrol and about Rs97 per litre on diesel.
Business
Gold price today: How much 22K, 24K gold cost in Delhi, Patna & other cities – Check rates – The Times of India
Gold prices climbed to a fresh lifetime high in the domestic market on Thursday amid sustained buying by jewellers and stockists, according to the All India Sarafa Association.Gold advanced by Rs 800 to hit a new peak of Rs 1,47,300 per 10 grams (inclusive of all taxes), extending gains for the fifth consecutive session. The yellow metal had closed at Rs 1,46,500 per 10 grams in the previous session.Since the start of 2026, gold prices have surged Rs 9,600, or around 7 per cent, supported by persistent demand in the physical market. In overseas trade, spot gold slipped USD 12.22, or 0.26 per cent, to USD 4,614.45 per ounce, after having touched a record high of USD 4,643.06 per ounce in the previous session.Here is how much gold costs in major Indian cities today:
Gold price in Delhi today
The price of 22K gold in Delhi is Rs 13,140 per gram, down Rs 75, while 24K gold is priced at Rs 14,333 per gram, lower by Rs 82.
Gold price in Chennai today
In Chennai, 22K gold costs Rs 13,290 per gram, up Rs 10, while 24K gold is priced at Rs 14,498 per gram, higher by Rs 10.
Gold price in Mumbai today
Mumbai markets see 22K gold priced at Rs 13,125 per gram, down Rs 75, while 24K gold stands at Rs 14,318 per gram, lower by Rs 82.
Gold price in Ahmedabad today
In Ahmedabad, 22K gold is priced at Rs 13,130 per gram, down Rs 75, while 24K gold costs Rs 14,323 per gram, lower by Rs 82.
Gold price in Kolkata today
Kolkata markets price 22K gold at Rs 13,125 per gram, down Rs 75, while 24K gold stands at Rs 14,318 per gram, lower by Rs 82.
Gold price in Jaipur today
In Jaipur, 22K gold costs Rs 13,140 per gram, down Rs 75, while 24K gold is priced at Rs 14,333 per gram, lower by Rs 82.
Gold price in Hyderabad today
Hyderabad sees 22K gold at Rs 13,125 per gram, down Rs 75, while 24K gold is priced at Rs 14,318 per gram, lower by Rs 82.
Gold price in Bhubaneswar today
Bhubaneswar markets see 22K gold priced at Rs 13,125 per gram, down Rs 75, while 24K gold costs Rs 14,318 per gram, lower by Rs 82.
Gold price in Patna today
In Patna, 22K gold costs Rs 13,130 per gram, down Rs 75, while 24K gold is priced at Rs 14,323 per gram, lower by Rs 82.
Gold price in Lucknow today
Lucknow markets see 22K gold priced at Rs 13,140 per gram, down Rs 75, while 24K gold costs Rs 14,333 per gram, lower by Rs 82.
One of Britain’s most prolific rail fare dodgers could face jail after admitting dozens of travel offences.
Charles Brohiri, 29, pleaded guilty to travelling without buying a ticket a total of 112 times over a two-year period, Westminster Magistrates’ Court heard.
He could be ordered to pay more than £18,000 in unpaid fares and legal costs, the court was told.
He will be sentenced next month.
District Judge Nina Tempia warned Brohiri “could face a custodial sentence because of the number of offences he has committed”.
He pleaded guilty to 76 offences on Thursday.
It came after he was convicted in his absence of 36 charges at a previous hearing.
During Thursday’s hearing, Judge Tempia dismissed a bid by Brohiri’s lawyers to have the 36 convictions overturned.
They had argued the prosecutions were unlawful because they had not been brought by a qualified legal professional.
But Judge Tempia rejected the argument, saying there had been “no abuse of this court’s process”.
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