Consumers and business travelers' demand for domestic travel continues to be resilient so far, and we remain hopeful that airfare pricing remains affordable and travel volumes remain consistent with the performance year to date.
May 6, 2026 / CEO / receipt, needs a key / David Roberts, CEO | earnings call 2026-05-06 | transcript b120fc8f-c5f6-48b1-b2b1-19d2af1deaed | chars 6932-7160 | segment 7
In the near term, especially over the next two years, we are taking a more cautious view due to softer anticipated travel volumes, reduced European travel to the United States, and expected fleet reductions among our rental car customers.
Feb 24, 2026 / CEO / receipt, needs a key / David Roberts, CEO | earnings call 2026-02-24 | transcript 212e0288-e37a-4f86-9a27-fcd5ff57b9df | chars 10652-10890 | segment 10
As a result of these trends and the commentary from the major airlines on expected demand, we have further reduced our travel volume assumptions for the remainder of 2025 relative to the levels discussed in our first quarter call.
Aug 6, 2025 / CEO / receipt, needs a key / David Roberts, CEO | earnings call 2025-08-06 | transcript d2f21921-cd0b-4325-b29b-2fc1f335b355 | chars 4713-4943 | segment 4
While travel demand appears to be stabilizing, we remain cautious that a further modest decline in travel volume may cause us to trend toward the lower end of the financial ranges as previously provided.
Aug 6, 2025 / CEO / receipt, needs a key / David Roberts, CEO | earnings call 2025-08-06 | transcript d2f21921-cd0b-4325-b29b-2fc1f335b355 | chars 8179-8382 | segment 7
Starting with travel demand, which directly impacts our commercial services business, full-year 2024 TSA passenger volume increased about 5% over 2023 volume, driven by strong leisure and business travel demand. While that sets up a challenging comparable for 2025, we continue to anticipate resilient travel volume consistent with forecasted GDP growth over the prior year.
Feb 27, 2025 / CEO / receipt, needs a key / David Roberts, CEO | earnings call 2025-02-27 | transcript 3f2ce636-3fb1-463c-a2d4-eb13cddbf5b6 | chars 4799-5173 | segment 4
Travel demand remains robust and we anticipate continued strength through the balance of the year.
Aug 8, 2024 / CEO / receipt, needs a key / David Roberts, CEO | earnings call 2024-08-08 | transcript 6791c1fc-4608-4f8d-bf54-9563f9207512 | chars 2639-2737 | segment 2
Yeah, thanks, Faiza. I think I know what you're referring to, but in general, if you look at the demand commentary coming from the airlines and, quite frankly, some of our largest customers that continues to remain strong, right? And I think the - let's take a look at the TSA throughput. I mean, the TSA throughput is 106% year-to-date. It was 106% versus 2023. It was 106% first quarter. It was 106% in the second quarter. It was 106% in July. It's in and around that range in August. So we have not yet seen that. So, we still think that the level of travel that we've seen year-to-date is what we're going to experience go forward, and I haven't heard anything different. I think the only other thing I would add to that, and it's qualitative, but we have seen a return in business travel, right?
Aug 8, 2024 / CEO / receipt, needs a key / David Roberts, CEO | earnings call 2024-08-08 | transcript 6791c1fc-4608-4f8d-bf54-9563f9207512 | chars 21298-22098 | segment 21
The commercial services team delivered outstanding results driven by strong and durable domestic travel trends and our continued strong performance in the fleet management business.
May 2, 2024 / CEO / receipt, needs a key / David Roberts, CEO | earnings call 2024-05-02 | transcript fa4e10a4-bd08-4feb-b39f-f2cf2b590445 | chars 3073-3254 | segment 3
Looking ahead over the course of 2024, we expect continued strength in rack tolling revenue due to strong travel bookings based on commentary from the major airlines and hotel chains.
May 2, 2024 / CEO / receipt, needs a key / David Roberts, CEO | earnings call 2024-05-02 | transcript fa4e10a4-bd08-4feb-b39f-f2cf2b590445 | chars 3871-4054 | segment 3
Fourth quarter revenue of $211 million exceeded our expectations and was primarily driven by strong U.S. travel and tolling trends in our commercial services segment.
Feb 29, 2024 / CEO / receipt, needs a key / David Roberts, CEO | earnings call 2024-02-29 | transcript 62c74acc-db19-48db-aa71-993a1a981439 | chars 2776-2942 | segment 2