why are airfares soaring? ????

Last September, Marc Rochet, CEO of Air CaraĂŻbes/French Bee complained that the price of plane tickets did not reflect the economic reality of air transport.

We should have increased tariffs by 30% to reflect the weight of oil and the dollar.

Our increase was +14% towards overseas territories and +5% towards the metropolis,” he whispered then.

Between Air France’s capacity cuts, the increase in the price of kerosene and social charges, linked to wage demands… the end of low-cost air travel is more and more likely.

And the latest Air Passenger Transport Price Index of the General Directorate of Civil Aviation (DGAC) confirms this impression.

The DGAC had already announced an increase in prices of around 20.5% in total over the whole of 2022, for departures to Overseas France. Average ticket prices in December 2022 were even 23.9% higher than in 2019.

Air France’s decision will allow other companies to regain control of their fares. At the same time, the other players present on these routes adjust their offer almost daily, to limit flights that are not or not very profitable, automatically driving up prices.

With demand being very strong, costs have risen sharply. In the overseas territories, the bamboche is over.

Oil is more or less stabilized, but the other factors affecting airline costs, unfortunately, will not go down.

Overall, I don’t really see a reason for the rates to go down in the future. on these lines,” says Laurent Timsit, the general delegate of the National Federation of Merchant Aviation (FNAM).

While the companies generally went into debt to survive for two years, tourism will still be a little more elitist in 2023…

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.