We know that business travel is almost non-existent these days, but airlines in the U.S. have consistently reported that it’s more or less tripled off of a very low basis – it was down 95% and now it’s down ‘only’ 85% (so up from 5% of last year’s levels to 15%).
The business travel that has recovered has been small businesses, often in the Midwest and Sun Belt, as well as critical logistics and health care businesses. But how much of an airline’s total revenue did this account for, anyway?