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typical flight would take. Southwest Airlines 10-K SEC Form. Accessed April 21, 2022. The 2020 height of the COVID-19 pandemic took a major toll on business travel. In smaller airports, the cutoff time may be 30 or 45 minutes before departure, depending on whether passengers have checked bags. However, its also worth noting that 56% of business travelers hold professional or managerial positions that earn at least $127,000 per year. In fact, 60% of business travelers dont even understand their companys travel policy, making it especially difficult to follow. Chart. Research Summary. In fact, business travel is so lucrative that it even affects the U.S. GDP. Although primarily a domestic airline, Southwest is expanding southward. Thats around 3% of the total GDP, a number which stayed rather stable until 2020 when the COVID-19 pandemic negatively affected business travel. When it comes to business travel, our extensive research shows that: Business travel in the U.S. from domestic and international travelers amounts to around $334.2 billion in annual revenue. Bureau of Transportation. Southwest will most likely continue in its positive direction. What is Legroom on a Plane? | Legroom Definition - Scott's Cheap Flights 1200 New Jersey Ave SE 2023 Bankrate, LLC. Luckily, the business travel industry has a CAGR of 13.2% between 2021 and 2028, which indicates at least somewhat of a rebound. The actual flight length is the length of the track flown across the ground in practice, which is usually longer than the ideal great-circle and is influenced by a number of factors such as the need to avoid bad weather, wind direction and speed, fuel economy, navigational restrictions and other requirements. Number of domestic business and leisure trips in the United States from 2008 to 2019, with a forecast until 2024. Accessed on December 8th, 2021. This will give you enough time to clear customs, security, and arrive at the right gate in time for boarding. Research Summary. The longest wait time in on Sunday from 5 - 6 p.m. at around 51 minutes. Carry-on luggage size: 21.5 x 15.5 x 9 inches for a standard carry-on bag, or 22 x 21 x 6 inches for a folding garment bag | Carry-on luggage weight limit: 17.5 pounds. This is another contributing factor for companies high cost of business trips, as same-day flights can wrack up costs. The average length for an international trip is 5-6 days. 1200 New Jersey Avenue, SE. Jack Flynn is a writer for Zippia. And this number is even higher for millennials, who take an average of 7.4 trips per year. For a predominantly domestic-based airline, Southwest provides a large variety of locations. Understanding the average cost of business travel. Accessed on December 9th, 2021. The apparent curve of the route is a result of distortion when plotted onto a conventional map projection and makes the route appear to be longer than it really is. Roughly 26% of business trips are only one day long. Southwest is also found in ten other countries. The checked baggage also has three different sizes, which are- 866.835.5322 (866-TELL-FAA)Contact Us, United States Department of Transportation, Aviation Safety Draft Documents Open for Comment, Airport Coronavirus Response Grant Program, Legislation & Policies, Regulations & Guidance, Certificated Remote Pilots including Commercial Operators, Recreational Flyers & Modeler Community-Based Organizations, Aerospace Medical and Human Factors Research, Airline On-Time Statistics & Delay Causes, Airport Noise Compatibility Planning Data and Program Status, General Aviation and Air Taxi Activity Surveys, Model for Estimating General Aviation Operations at Non-Towered Airports, Next Generation Air Transportation System (NextGen). Air Fares | Bureau of Transportation Statistics "25+ Essential Business Travel Statistics [2023]: Facts About Business Travel In The U.S." Zippia.com.