Domestic airlines are getting crushed because everyone wants to escape to Europe

• International travel demand is outpacing domestic demand as Americans flock to Europe in 2023.
• This is keeping domestic airfare below 2019 levels — good news for those vacationing closer to home.
• Carriers like Southwest, Spirit, and JetBlue are forecasting lower revenue due to the slowdown.

If you've caught yourself scrolling through Instagram wondering why everyone seems to be on vacation in Europe this summer, you're far from alone.