Considering this is the busiest time of year for travel, how should you game the airlines?
Despite discounted air fares, fewer Americans are expected to fly during the Thanksgiving holiday, traditionally the busiest US travel time, according to US airline industry forecasts.
In fact, the Air Transport Association of America (ATA) said it expects a 4% drop in passengers during the 12-day Thanksgiving holiday period this year compared to the same period in 2008.
US government data also shows that average domestic airfares in the second quarter of 2009 "fell to their lowest level since 1998, dropping 13% from the second quarter of 2008 -- the largest year-to-year decline on record," ATA said in a statement.
"It is increasingly apparent that the economic head winds facing the airlines and their customers are anything but behind us," said ATA president and CEO James May.
"The recent announcement that US unemployment surpassed 10 percent highlights one of the key factors impacting consumer buying decisions," he added.
JetBlue CEO Dave Barger is more optimistic about the state of the industry. Find out what he tells Fast Money. Also find out how Guy Adami suggests gaming the space.
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