Transatlantic airfares hit record high in June

The price of air journey continues to rise throughout Europe and North America, with information from air fare benchmark administrator Skytra indicating transatlantic airfares surpassed pre-pandemic ranges in June.

“Our information exhibits {that a} new North American value excessive for this yr was reached again in Might, however since then costs have continued to climb, with a brand new peak being reached in the midst of June – a trajectory that appears set to proceed,” stated Elise Weber, co-founder of Skytra, a subsidiary of Airbus.

Rising gas costs and a surge in post-pandemic journey demand are additionally driving costs up for intra-Europe flights, even because the aviation business struggles to keep pace.

The corporate’s June information, which displays the wholesale value of financial system class air journey – excluding enterprise class – confirmed the price of flights in Europe additionally elevated from Might to June.

In keeping with Weber, this upward trajectory is ready to proceed all through the summer season.  

“While ticket costs have been regularly falling for many years as volumes have risen, they’re rising as soon as once more. That stated, you will need to word that European costs nonetheless stay beneath the pre-pandemic ranges,” she stated.

BTN recently examined the ‘airfare angst’ being felt throughout the company journey business, the place journey managers additionally pointed to new reserving patterns and elevated surcharges.