As vaccination rates increase across the world more people are packing their bags and heading to the airports. Already, international airlines are reporting a surge in passengers travelling for leisure.
This is a signal that although the novel coronavirus pandemic is still ongoing, things are slowly getting back to normal. But it also means that the days of low airline ticket prices are coming to an end. With demand climbing to pre-pandemic levels, airlines are no longer scurrying to fill seats and prices have already started to soar.
Local aviation expert Audley Deidrick explains that the price hike is all based on economics; “the demand for travel seems to be outpacing the capacity of aircraft in the airline’s ”fleet”. Simply put, there are more passengers than available airline seats.
He explained that demand soared to 57 per cent this year compared to 2019, however, airlines can only fill 47 per cent of that demand.