Airline prices to "increase worldwide"
Thursday 03 December 2009
A leading travel industry think tank warned Thursday that passengers should expect to pay more for their airline tickets in the coming years.
The ITB World Travel Trends report suggested that airlines will need to "significantly adjust their ticket prices" in order to regain profitability, leading to price hikes for the consumer.
Many airlines slashed prices on popular routes at the outset of the economic crisis to try to fill planes, but recent research has suggested that careful capacity management and a slow pick-up in demand has reduced the number of empty seats. Having been forced to achieve efficiency, experts now predict that carriers will begin to increase fares, passing on anticipated increases in taxes and charges to the consumer.
"The over-capacity of the world's airline industries has been reduced," said Dr. Martin Buck, vice president at Messe Berlin, the organization behind the research. "The currently unanswered question facing the world's airline industries is whether price-conscious consumers will continue to drive the downgrading trend we are seeing in bookings."
The findings are based on the assessments of 60 tourism experts from 30 countries, who have predicted an overall 4.9 percent return to growth in airline travel over the next decade.
The Independent travel offers: Discover a world of inspiring destinations
- 1 Man tweets about bad service, gets kicked off plane, told to delete tweet before re-boarding
- 2 Crash victims in car flattened by shipping container emerge with just minor injuries
- 3 Students offered grants if they tweet pro-Israeli propaganda
- 5 Joey Barton and Yossi Benayoun become involved in Twitter row over Israel-Gaza conflict
A day in the life of Vladimir Putin: The dictator in his labyrinth
The 'scroungers’ fight back: The welfare claimants battling to alter stereotypes
Arizona execution lasts two hours as killer Joseph Wood left 'snorting and gasping' for air
Malaysia Airlines MH17 crash: Ukrainian military jet was flying close to passenger plane before it was shot down, says Russian officer
Malaysia Airlines MH17 crash: Massive rise in sale of British arms to Russia
Malaysia Airlines MH17 crash: victims’ bodies bundled in black bags and loaded onto trains
£40000 - £60000 per annum + Pension, Healthcare : Deerfoot IT Resources Limite...
£30000 - £45000 per annum + Bonus+Benefits+Package: Harrington Starr: VB.NET a...
Unpaid voluntary role: Old Royal Naval College: To assist the Visitor Experien...
£45-£55k OTE £75k : Charter Selection: Major London International Fashion and ...