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If you thought you paid eye-watering prices for flight tickets this year, think again.
Airfares, which soared during the post-pandemic travel boom, are likely to remain high in 2024 and for several years, according to industry analysts and executives.
Airlines’ higher operational costs, use of expensive sustainable aviation fuels, inflationary pressures, geopolitical tensions and supply chain bottlenecks are likely to keep fares high, experts said.
“Specific routes and regions may see higher fares due to increased travel demand, limited capacity, or geopolitical instability,” Linus Bauer,…
