The costs of this could lead to further hikes in ticket prices in future. They will also be required to buy emission allowances to offset their carbon footprint.
He predicted that flights would be around 20 per cent more expensive during peak season this year than in 2022.Īs the EU introduces ever stricter legislation to reduce emissions from flying, aircraft operators may also have to invest in more efficient planes. “Flying for a taxi price is no longer possible,” Bischof told Funke. However, fuel prices remain high and the risk of further strikes looms this summer.Įurowings CEO Jens Bischof says he expects flight prices to increase further due to rising fuel, personnel and airport costs, according to a report by Germany's Funke media group.
KAYAK FLIGHT HOW TO
Trains, price tracking and packing light: How to book a cheap holiday in 2023.With fewer seats available compared to pre-pandemic, demand is outstripping supply.Īnd as remote work retains its grip, business travel has failed to bounce back - meaning a greater reliance on revenue from economy seats. This has slowed growth, preventing their return to full capacity and left them in dire need of extra cash. This forced airlines to reduce their schedules.Īirlines like Flybe and Flyr have gone bust, while others are facing financial difficulties after years of being grounded due to COVID.
Some airports, like Amsterdam’s Schiphol and London Heathrow, introduced passenger caps to reduce the impact of staff shortages. This has further fuelled pent-up desire for travel.
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