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Fare play: why have airline ticket prices gone sky high?

World

Fare play: why have airline ticket prices gone sky high?

Travellers are paying top dollar thanks to higher jet fuel costs and flight routes and frequencies being curbed

Anurag Kotoky

For more than two years, the main topic of conversation pretty much everywhere has been the impact 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 on the tips of everyone’s tongues: expensive plane tickets. 

People are looking for flights — sometimes their first in years — in a rush of what’s been termed “revenge travel”. Internet searches show sky-high airfares for many routes, yet travellers with wanderlust are opting to stomach the higher costs after being grounded for so long.

“The demand is off the charts,” Delta Air Lines CEO Ed Bastian said at an industry conference last week, noting that fares in mid-year may be 30% higher than pre-pandemic levels. “It’s coming with leisure, it’s coming with premium customers, it’s coming with business, it’s coming with international. It doesn’t matter what the category is.”..

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