Airlines Fare Hike: In the country, while on the one hand, after removing the cap on airfare, tickets are expected to become cheaper, while for the coming festive season, airlines can charge more fare from passengers. You are likely to get very expensive air tickets for your favorite holiday destination on Christmas this year. There are many reasons behind this, which we are telling you about.
what could be the reason
Jet fuel or ATF prices are sky high and they account for a quarter of the operational cost of any airline. The price of this ATF is expected to increase further because in the event of the continuation of the Russo-Ukraine war, there may be a further shortage in their supply. Prices could be higher and air fuel rates could go up further in the event of global air travel increasing post-Covid.
With Russia further curbing the use of its own energy sources, the price of alternative fuels such as diesel will rise further in the world. Along with industry and electric generation, the use of diesel for heating will also increase, which will increase the demand for diesel strongly.
More increase in air travel after Corona period
For more than two years now, people were unable to travel globally due to the COVID restrictions and due to this, now that all the bans have been lifted, the airlines are facing strong demand. Therefore, at present, there is a 14 percent reduction in airline seats as compared to 2019. In many places, passengers are facing problems due to flight cancellations, shortage of staff, extremely long check-in lines and exorbitantly expensive air tickets.
Airfare will increase tremendously in the upcoming festive season
People are already booking for Diwali in India in the coming November and the global festival Christmas in December and due to this airfare is also increasing. While skyrocketing airfares are becoming a headache for the passengers, it is no less than a challenge for the aviation sector as to how to meet this demand.
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