Reported 6 months ago
Top aviation executives predict that ticket prices for economy class may not rise this summer but instead could even decrease, with certain areas experiencing softer demand for air travel, such as the UK. Factors such as economic uncertainty due to upcoming elections in Europe are affecting consumer travel willingness. Airlines like Virgin Atlantic and Ryanair indicate that despite a shortage of aircraft, summer ticket prices will remain stable. Market conditions for airlines like United Airlines and Emirates are reported to be balanced. These insights come from discussions at the International Air Transport Association (IATA) annual meeting in Dubai, emphasizing that the anticipated price drops are specific to economy class passengers for now.
Source: YAHOO