Sky-high airfares may come down as Asia-Pacific flight capacity ramps up

Passenger traffic at Changi Airport is expected to reach about 80 per cent of 2019 levels in April, and potentially 100 per cent by December. PHOTO: ST FILE
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SINGAPORE - Travellers in the region can expect soaring airfares to dip in 2023 as airlines gear up to meet the strong demand for air travel, said people in the industry.

Mr Subhas Menon, director-general of the Association of Asia-Pacific Airlines, attributed the high airfares to a mismatch between pent-up demand and supply that has yet to fully recover from the pandemic.

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