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 Keira Knightley topless: Usually conservative actress does own take on #Freethenipple campaign for Interview Magazine
- 2 Oil tanker with $100 million cargo goes missing off Texas coast
- 3 George Galloway left with severe bruising after attack in Notting Hill by man 'shouting about the Holocaust'
- 4 Saudi Arabia executes 19 in one half of August in 'disturbing surge of beheadings'
Robin Williams Emmys tribute led by Billy Crystal criticised for including 'racist' joke about Muslim woman
The Rotherham child abuse scandal is a tale of apologists, misogyny and double standards
What do immigrants really think of Britain? Polish immigrant's Reddit post goes viral
Scottish independence TV debate: Pumped-up Alex Salmond bounces back in bruising second round against Alistair Darling
Do you realise just how foolish the UK looks?
With Douglas Carswell joining Ukip, my party has taken another giant step forward
- < Previous
- Next >
£30 - 35k + Uncapped Comission (£70k Y1 OTE): Guru Careers: A Business Develop...
£18k + Uncapped Commission (£60k Y1 OTE): Guru Careers: A Graduate Sales Exe...
£25 - 60k (DOE): Guru Careers: A Web Developer / Software Developer is needed ...
£6000 - £50000 per annum + Bonus+Benefits+Package: Harrington Starr: Oracle 11...