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Shark Tank's Kevin O'Leary says if he were 25 today, he'd chase these two booming opportunities in the world of AI

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Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living

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Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs

Trump’s Travel Ban May Have Caused a Drop in Passengers Flying to the U.S.

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Michelle Toh
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Michelle Toh
Michelle Toh
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April 26, 2017, 3:17 AM ET
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MIAMI, FL - OCTOBER 29: A commercial jet plane comes in for a landing at Miami International Airport October 29, 2004 in Miami, Florida. (Photo by Justin Sullivan/Getty Images)Justin Sullivan Getty Images
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Air passenger arrivals in the United States fell in the first quarter of the year, while arrivals in Canada and Mexico rose, according to data from travel analysis company ForwardKeys.

Travelers from the Middle East and Europe were possibly deterred by uncertainty over President Donald Trump’s travel ban on citizens of six Muslim-majority nations, as well as the strong dollar, it said on Wednesday.

Long-haul arrivals in the U.S. dropped by 4.3% in the first quarter, ForwardKeys, which analyzes 16 million flight booking transactions a day from major global reservation systems, said.

On Tuesday, Emirates airline signaled that its U.S. expansion plans were on hold until demand recovers from a slowdown that the airline has blamed on Trump’s travel restrictions.

Meanwhile, Canada and Mexico both saw arrivals increase 6.1% in the first quarter and bookings for arrival in the second quarter are up 15.7 and 19.8%, driven by bookings from the Netherlands, China, Britain, and Germany.

Forward bookings to the United States for travel in the second quarter of the year are 3.7% ahead of last year, due to the later Easter holiday period this year, the travel analysis company said.

Visitors from Asia and the Americas are returning to Europe, after a dip following a string of attacks in France, Belgium and Germany, starting with Paris in November 2015, ForwardKeys said. Compared with two years ago, arrivals in the first quarter rose 5.2% and forward bookings are up 11.2% for the second quarter.

European carriers such as Lufthansa (DLAKY) and Air France-KLM (AFLYY) had felt the effects of the downturn in demand from Asia and the U.S last year. Both are due to report first-quarter results over the next couple of weeks.

“This overview reveals the resilience of the travel industry globally. People are finding alternative new destinations, and they are returning to others, previously blighted by dreadful events,” ForwardKeys Chief Executive Olivier Jager said in a statement.

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