Air travel chaos in Europe could be over — but higher ticket prices are here to stay
Publishing timestamp: 2023-07-04 10:28:26
Summary
Airports in Europe are expecting less disruption this year compared to last year's summer chaos, but higher ticket prices are likely to stay. European air passenger traffic is still lower than pre-pandemic levels, but some markets have fully recovered. Flight prices have increased significantly, and analysts believe they need to remain permanently higher due to factors like carbon emissions and inflation. Low-cost carriers may benefit from customers trading down to more cost-effective services.
Sentiment: MIXED
Tickers: RYA-IE, WIZZ-GB, 0A2U-GB,
Keywords: breaking news: business, airlines, business news, wizz air holdings plc, transportation, ryanair holdings plc, london,