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.
- 1 NHS boss apologises for tweeting Hitler video mocking Government health database scheme
- 3 Poor 'live like animals' says Boris's privately educated sister after going on 'poverty safari'
- 4 Man stabbed with Legend of Zelda Master Sword in serious condition
- 5 First clip of Outkast's Andre 3000 in Jimi Hendrix biopic All Is By My Side emerges
Apple's Tim Cook: Business isn’t just about making profit
Thousands of young people forced to go without food after benefits wrongly stopped under 'draconian' new sanctions regime
Ukraine crisis: New navy chief 'defects' and surrenders Crimean HQ as Putin claims ultranationalists forced intervention
Ukraine crisis: Russia dismisses '3am ultimatum' as 'total nonsense'
If you're horrified by a flame-roasted dog, you should be shocked at a hog roast
Poor 'live like animals' says Boris's privately educated sister after going on 'poverty safari'
£12000 - £18000 per annum: Inspiring Interns: Our client is a high-end niche t...
Unpaid: Kaya Responsible Travel: Increases in tourism, the introduction of new...
£23000 - £27000 per annum + Award-Winning Benefits: Round The World Experts: D...
£23000 - £27000 per annum + Benefits: Flight Centre Limited: Award-winning tra...