Reported 4 months ago
After experiencing significant price hikes in the past year due to the COVID pandemic, airline ticket prices for economy class passengers may finally stabilize or even decrease this summer, as predicted by several top executives in the aviation industry during the International Air Transport Association (IATA) annual meeting held in Dubai. Concerns were raised specifically regarding weak aviation demand in the UK and potential consumer spending uncertainties in Europe due to upcoming elections. Despite robust overall summer travel demand, executives from airlines like Virgin Atlantic and Ryanair anticipate stable prices, unlike the usual price surges caused by high demand exceeding supply. United's CEO described the airline industry as stable with consistent demand, while Emirates' president noted a balanced pricing state despite strong summer demand.
Source: YAHOO