The arrival of this new player in the Overseas Territories comes in a particular context on services, where the profitability is not really that expected by the players.
Between the surge in the price of oil, the decisions of the prefects to increase taxes so as not to increase prices at the pump and the overcapacity of Air France on these destinations, the company ETF which positions itself as a low cost could well disrupt the established order.
“Overall, in the West Indies, capacities are very high and have risen sharply in recent months.
There are many offers, and it is certain that we do not find in our average prices the translation of all the past increases,” confided Pascal de Izaguirre, CEO of Corsair.
The DGAC had indicated that the surge in air prices had been less for the overseas lines.
While for departures everywhere in France, tickets had increased by 43.5% for all destinations combined in the month of July 2022 alone, inflation towards the DROM-COM (overseas departments and regions and communities of overseas) was limited to +21.1%.
Especially since at the same time, Corsair is just digesting the aborted marriage with Air Austral and the latter is still awaiting validation of its rescue plan by the European Commission.
Enter here deadly overcapacity of Air France and the arrival of a company practicing a certain form of social dumping, will the cake be big enough for all transport?
The future will tell…