The answer is yes, but with a caveat. According to the 2024 SITA Global Baggage Report, the airline industry loses about $2 billion annually due to lost or mishandled luggage. So, lost luggage payouts are certainly happening at a grand scale, no doubt about it-but the individual payouts are sometimes a fraction of the value of the lost items. Per the U.S. Department of Transportation, airlines are liable for up to $4,700 per person for lost luggage on domestic flights
Thanksgiving week is one of the most hectic times to find yourself in an airport. In 2023, the TSA recorded the Sunday after the holiday as its busiest day in history-although that number was since topped this past summer. So if you're one of those millions of travelers taking to the skies the last week of November, you can probably expect longer-than-average security lines, crowded gates, and busy pick-up areas.
Just like there's a time and a place for checking a bag, there's also a time and a place for packing everything in a carry-on...backpack. If you're planning a trip that requires you to travel lightly-like an African safari, a backpacking adventure through Europe, or a biking or hiking excursion-you'll need to figure out how exactly you can make the latter strategy work.