And with demand for air travel having decreased during the ongoing COVID-19 pandemic, some airlines aren’t canceling their underbooked flights, leading to more empty planes journeying through the skies.Īirport Nap Hotels Exist Credit: Zhang Peng/ Lightrocket via Getty Imagesĭuring a longer layover or delay, travelers sometimes stay at nearby hotels, then head back through security to catch their next flight. At one point, British Mediterranean Airways was operating round-trip flights between Heathrow and Cardiff Airport in Rhoose, Wales - a journey of just a few hours by car or train - with zero passengers, angering environmental activists (among others).
One year later, two slots fetched the same price when Scandinavian Airlines decided to sell.īecause an airline can lose that valuable asset if it doesn’t use it at least 80% of the time in a six-month period, you might see some unusual scheduling. That’s on the high side, but eight figures is relatively common.
In 2016, Kenya Airways sold its only slot to Oman Air for a whopping $75 million. The most expensive slots are at Heathrow International Airport in London, England. To keep air traffic running smoothly and safely in more than 200 of the world’s busiest airports, airport operators grant airlines slots that give them authorization to take off or land at certain times - and in many places, demand is far outpacing supply. Airlines Pay Up to Eight Figures for Slots on the Airport’s Schedule Credit: JESHOOTS/ Unsplash
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