DOHA, June 22 — Propelled by inflation, the price of air tickets has begun to take off again after tumbling during the pandemic, a reversal that looks set to intensify due to environmental pressures, experts say.
But with the sector still mired in the red despite movement restrictions being largely lifted, the bargain bonanza for passengers is very much over. Airlines estimate that fuel prices will account for 24 per cent of their total costs this year, up five percentage points from last year. “Some of the travel that we’re seeing right now is a function of all the stimulus that governments” pumped into economies during the pandemic, boosting citizens’ spare income, he said.But “how long that lasts remains to be seen”, he added.Beyond rising costs and fears that government stimulus will fade, airlines face commitments that sit very uneasily alongside each other.
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