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Airfares peaking as travellers in Europe, Asia seek savings

Airfares in
Europe and Asia are starting to plateau or fall in a sign that a
prolonged post-COVID travel boom is waning, delivering a setback
for airlines struggling with higher costs and limited. ....

United States , Jane Merriman , Michael Oleary , Natalia Lechmanova , Doyinsola Oladipo , Ronald Lam , Jamie Lindsay , European Travel Commission , Mastercard Economics Institute , Flight Centre Travel Group , Singapore Airlines , Hong Kong Based Cathay Pacific , Centre Travel Group , Mastercard Economics ,

Analysis-Airfares peaking as travellers in Europe, Asia seek savings

Airfares in Europe and Asia are starting to plateau or fall in a sign that a prolonged post-COVID travel boom is waning, delivering a setback for airlines struggling with higher costs and limited aircraft availability. Budget carrier Ryanair's CEO Michael O'Leary this month warned ticket prices would grow less than expected, sending European airline shares down. "It is a bit surprising that pricing hasn't been stronger and we're not quite sure whether that's just consumer sentiment or recessionary feel around Europe," O'Leary said. ....

United States , Lisa Barrington , Ronald Lam , Joanna Plucinska , Jane Merriman , Rajesh Kumar Singh , Doyinsola Oladipo , Jamie Lindsay , Natalia Lechmanova , Michael Oleary , Singapore Airlines , European Travel Commission , Flight Centre Travel Group , Mastercard Economics Institute , Rajesh Kumar , Hong Kong Based Cathay Pacific , Centre Travel Group , Mastercard Economics ,