Geopolitical tensions, aircraft
shortages and ambitious environmental targets will deliver a
host of challenges to global airline bosses at an annual summit
next week, with softening fares completing.
Global Airline Bosses to Address Geopolitical, Climate Challenges usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
China s C919 jet is set to make its first commercial flight outside mainland China on Saturday - albeit to the Chinese territory of Hong Kong - just over a year after the plane entered domestic.
Airfares in Europe and Asia are starting to plateau or fall in a sign that a prolonged post-COVID travel boom is waning, delivering a setback for airlines struggling with higher costs and limited aircraft availability. Budget carrier Ryanair's CEO Michael O'Leary this month warned ticket prices would grow less than expected, sending European airline shares down. "It is a bit surprising that pricing hasn't been stronger and we're not quite sure whether that's just consumer sentiment or recessionary feel around Europe," O'Leary said.
Analysis-Airfares Peaking as Travellers in Europe, Asia Seek Savings usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.