Gulf crisis could lift airfares, airline chiefs warn
TL;DR
Amid the Middle East/Gulf crisis, airline chiefs say fares could rise as higher fuel costs and pricing algorithms bite, though overall travel demand remains resilient; Ryanair CEO Michael O’Leary expects disruptions to last only a few weeks and jet fuel to stay secure if the war ends quickly, EasyJet’s Kenton Jarvis foresees fare increases driven by supply and demand rather than surcharges, and IATA head Willie Walsh says demand will shift rather than collapse, leaving travellers with potential bargains as supply tightens and markets adjust.
Topics:businesstravel#airline-industry#easyjet#michael-oleary#ryanair#the-man-who-pays-his-way#travel
- How hard will the Middle East conflict hit flight prices? Airline bosses weigh in The Independent
- Flying Is Abysmal and It’s Only Getting Worse Bloomberg.com
- Airline industry hit by biggest crisis since pandemic Financial Times
- Airfares are spiking. Here’s how to navigate the hikes. The Washington Post
- How to find cheaper flights as Iran war drives up prices Axios
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