This is a tough time for budget travelers as even cheap flights have become quite expensive now. Although airlines started operating at full capacity after the pandemic yet it is not clear when they will start offering really cheap fares to their customers. . It looks like the new normal for airfares. Why have flights become so expensive? Are these expensive fares going to stay forever? In other words, when will they come down? These questions need to be addressed in detail so that people could adjust their travel plans accordingly.
Why Are Flights So Expensive?
- Demand for cheap flights has outstripped the availability of these seats
- Fuel prices have gone up exponentially
- Business travelers have influenced prices
- Airspace closures due to war etc. have made flight tickets more expensive
When Will the Prices Become Cheaper Again?
The airfare is expected to come down. But, it may take some time before they go back to where they were before the lockdowns started globally in early 2020.
“Going forward, airlines will gradually put more planes in the air boosting supply and meanwhile demand will likely fall again reflecting the deteriorating economy – on the back of rising rates and cost of living pressures – and in response to bad experiences with air travel.”
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