The recent years in the US airline industry have witnessed improved balance sheets, increased valuations. The industry has generated 13 consecutive quarters of profitability with operating margins near or above 10%.
Airline industry demand is expected to grow even more in 2017. In January 2017, demand for the major 7 players increased by an average of 4.9% year-over-year (YoY). In fiscal 2016, it jumped by an average of 6.9% YoY. According to the International Airline Transport Association (IATA), global airline industry demand increased 6.3% YoY.
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LAX, Los Angeles International Airport offers travelers stay away from the usual crush of airport traffic, or people, or security headaches. It has a new A-list private terminal and platinum-class service, which is called the Private Suite. It’s designed for the rich and famous. The terminal is already operating but will operate more actively in a couple of weeks. This private terminal was created based on elite services offered at several international airports across the globe.
As the Private Suite puts it, you should usually take 2.200 footsteps from your car seat to plane seat. Members of the Private Suite can take only 70 footsteps, and these are all peaceful footsteps.
Members of The Private Suite are given an opportunity to avoid waiting in crowded lines because private screening is done right in the building. Members won’t be obliged to walk down long crowded concourses, or wait at ticket counters and boarding gates. They can travel without dealing with baggage and paparazzi.
To join, members will be required to pay $7.500 a year. It costs another $2.700, for up to 4 people, each time members use the service, or $3.000 for international flights. If you’re a non-member wishing to try this without spending too much, you can use a shared waiting-area suite, which costs $2.000.
According to Gavin de Becker, the international security consultant behind the Private Suite, almost 1.200 people have already signed up. Among them are lawyers, entertainment executives, and media types.