Airline fare surge imminent: Capacity shortage spurs ticket price hikes
As global airline demand surges past pre-pandemic levels, a shortage of new aircraft spells trouble for travellers. With Boeing and Airbus struggling to meet production demands, airlines face a capacity crunch, leading to inevitable fare hikes. Basic economics dictates: soaring demand and constrained supply equals rising costs. As airlines grapple with maintenance issues and supply chain constraints, passengers should brace for packed planes and steeper ticket prices in the foreseeable future.
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By Thomas Black
Unless something gives in the global airline industry, consumers should expect airfares to increase and planes to be packed. There may be little relief on the horizon.
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