Airlines only partly to blame for sky-high ticket prices

For more than two years, the main topic of conversation pretty much everywhere has been about the effect of Covid-19. Now that the worst of the pandemic seems to be over and people are travelling more freely again, another hot topic is: expensive plane tickets.

A Mastercard Economics Institute study found the cost of flying from Singapore was on average 27% higher in April than in 2019, while flights from Australia were 20% more.Carriers are cautious about bringing back all their idled jets, even though most countries have eased cross-border restrictions. That is particularly true for giant aircraft such as Airbus’s A380 superjumbos and Boeing’s older 747-8s, as airlines turn to more fuel-efficient models such as A350s and 787 Dreamliners.

Spot jet fuel prices in New York have soared more than 80% this year, though prices vary from region to region depending on refining costs and local taxes. Many US carriers have been able to cover the increased fuel costs so far, but only by passing them along to travellers in the form of higher fares.Higher ticket costs do not seem to be dissuading people from making trips now that many travel restrictions have eased.

Source: Holiday News (holidaynews.net)

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