Low-Cost Airfares No Longer Exist – Travel Wires

The COVID-19 pandemic and the Russian invasion of Ukraine have both had a major impact on the increase of airfares across Europe.

SchengenVisaInfo.com reported that according to the statistics of the French Ministry of Ecological Transition ticket prices increased by 23.6% last year. Meanwhile, the travel booking site, Kayak, revealed that the price of international flights from the UK is up 18% compared to the year 2022.

“There’s still a lot of pent-up demand for travel going back to the pandemic. And that demand – combined with rising inflation and high fuel costs – has kept flight prices high,” Evan Day, Kayak’s UK country manager, mentioned.

Prices have risen after sanctions were imposed against Russia following the invasion of Ukraine. EasyJet CEO Johan Lundgren revealed recently that the increase of 71 percent in oil prices caused this year’s airline fares to rise by 31 percent. Fuel accounts for around 30% of the airline’s expenses.

The authorities also noticed that…

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source: https://news.oneseocompany.com/2023/04/27/low-cost-airfares-no-longer-exist-travel-wires_2023042744100.html

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