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Airline ticket prices are soaring, but travellers don’t seem to care
Investors wrong-footed by relentless demand for travel as carriers’ shares stage sharp recovery
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The majority of air travel is undertaken by wealthier travellers anyway, typically people who take multiple trips per year.
PHOTO: AFP
Philip Georgiadis
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Airlines are defying gravity. The global economy is weak and inflation is fuelling a cost of living crisis, yet there is an apparently relentless demand for flying across the world.
Low-cost airlines in Europe are touting record booking sprees, United States carriers cannot find enough planes to meet demand,
