Flyers still ready to fork out sky-high fares cyprus-mail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cyprus-mail.com Daily Mail and Mail on Sunday newspapers.
US and European airlines will aim to boost profits again this year with higher ticket prices as they try to squeeze what they can from the post-Covid travel boom and mitigate higher costs amid persistent plane shortages, investors and executives say.
U.S. and European airlines will aim to boost profits again this year with higher ticket prices as they try to squeeze what they can from the post-COVID travel boom and mitigate higher costs amid persistent plane shortages, investors and executives say. Tight supplies, in turn, are keeping air fares high, allowing carriers to pass on higher jet fuel, labour and maintenance costs. That has sent average revenues per passenger - known in the industry as yields and a proxy for airline pricing power - to 6.2% last year, its fourth straight year of growth, according to data from global trade body IATA.
ANALYSIS-Airlines test fliers tolerance for high prices to bolster profits devdiscourse.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from devdiscourse.com Daily Mail and Mail on Sunday newspapers.