Airfares Spike
As aviation turbine fuel (ATF) prices increase there seems to be a runoff effect of a steady rise in the cost of airfares. All across the globe, there are reports and predictions of higher prices for airfares. This week we share some articles on the general rise in airfares and what this might mean for air travelers.
High Fares, Rising Economic Worries Could Weigh On Airline Recovery
DOHA (Reuters) -Pent-up demand from the pandemic means consumers are weathering high airfares, but as summer ends and inflation and interest rate rises begin to bite, there are growing questions over whether the appetite for travel is sustainable.
By Jamie Freed | Shore News
EXCLUSIVE: DOMESTIC AIRFARES RISE AS FUEL PRICES SURGE
AUSTRALIA — Domestic airfares appear to be rapidly rising as airlines contend with increasing jet fuel costs and inflation. New BITRE data from the Department of Transport shows the monthly index price for June is tracking to be 2.6 points higher than May, following a long period where Australia has seen some of the lowest fares in its history.
By Adam Thorn | Australia Aviation
Airfares likely to rise by 2–4 percent every month if jet fuel prices keep rising: Airline officials
INDIA — Senior officials from domestic airlines in India say that prices of domestic tickets are likely to rise by 2–4 percent every month if the price of aviation turbine fuel (ATF) continues to rise, as has been the trend for the last year. “Domestic airfares are already around 30 percent higher on average when compared to last year. And prices will likely rise going forward as jet fuel prices keep rising,” a senior official from low-cost airline GoFirst told Moneycontrol. He asked not to be identified.
By Yaruqhullah Khan | Moneycontrol
Bookings Drop As Flight Prices Soar Almost 50% Since January
Prices for US domestic flights have shot up by a staggering 47 % compared to January, meaning that prices are now 30% higher than they were at the same point in 2019. According to a report by Adobe Analytics, May was the fourth consecutive month to see prices rise compared to pre-pandemic levels — prices were up by 5% in February, 20% in March, and 27% in April.
By Steven Walker | Simple Flying
Thank you for reading this week’s On Aviation™ digest. What are your plans for air travel this summer? Will the rise in airfares alter those plans? Please share your thoughts in the comments below, and remember to continue the conversation on our Twitter and Instagram.
Orlando — On Aviation™
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