One reason is that there is a shortage of airplanes. Airlines had grounded many of their airplanes during the Corona period because there was a sharp decline in the number of passengers traveling at that time. Now they can’t get those ships back fast enough. It takes about 100 working hours to bring a large jet plane that has been parked back to use.
According to the news of BQ Prime, the second reason: Now some customers are ready to pay more money for tickets, that too when they have been denied tickets. According to a survey by Booking.com, many people are more serious about their travel planning. This survey was done on more than 25 thousand people. These people believe that they want to complete the opportunities they have lost during the Corona period.
Marcos Guerrero, senior director of the online travel company, said that in such a situation, even if this journey is a bit more expensive than the fare paid, many people are seeing the value in the new journey.
Michael O’Leary, CEO of Ryanair Holdings, Europe’s largest air traveller, said the bad news for customers is that this type of increased fare will remain for some more years.
lack of staff
Airlines suffered a loss of about $ 200 billion due to Corona and more than 10 million people lost their jobs. Now when the travel industry is recovering, the aviation industry is struggling to re-recruit the staff. Many older knowledgeable employees have found new careers that offer job stability.
Due to staff shortage, there are problems in check-in, immigration counters and baggage handling at airports. In such a situation, in order to retain the staff and to bring in new staff, the airlines companies have to hire people for more money. In such a situation, airlines have to charge more fares to meet their increased expenses.
high oil prices
There has been some reduction in oil prices last year, but crude oil is still more expensive by 50 per cent as compared to January 2019. In such a situation, this is a big concern for the airlines because they spend a lot on the cost of fuel. Low cost airlines usually do not hedge fuel. In such a situation, due to incidents like Russia-Ukraine, the sudden rise in oil prices cannot survive without being affected.
Airlines contribute more than 2 percent in terms of carbon emissions in the world. But compared to other businesses, they are far behind in their commitment to reduce carbon emissions. The reason behind this is also clear that sustainable fuel is 5 times more expensive than conventional jet fuel.
According to the International Air Transport Association, this industry will have to pay $ 2 trillion to be carbon neutral by 2050. Airlines have to increase the prices of tickets for all these things. Apart from this, new technology in which hydrogen fuel or electric aircraft on which resurgence is going on and which are being talked about will be more expensive.
aircraft shortage
About 16000 airplanes were grounded during the Corona epidemic. This was two-thirds of the commercial flights around the world. Bringing them all back to work is a big task. Many of these were kept in the deserts of America and Australia. It will take a lot of effort to bring them back to work.
At the same time, aircraft manufacturing companies are lagging behind in production as production is being halted due to labor shortage. Some problems have also increased due to the sanctions imposed on Russia.
Ryanair believes that summer air travel will be more expensive. It may become expensive by 15 percent.
low returns from china
China, which was the world’s second largest economy before the pandemic, with an annual tourism revenue of $280 billion, still has a lot of work to do to improve. It has been found in a survey that in 2023, more than 30 percent people are still avoiding going out.
The Association of Pacific Airlines has said that it will take a year for China to go to the pre-pandemic level in terms of international air travel. It is a different matter that the scenario of internal air travel in China has become similar to that of 2019, but due to some policies of China, it has either become isolated or the world has also turned away from there.
point problem
Air travelers collect points from airlines. These points are collected by using credit cards etc. Due to lack of seats, they are not able to use these points. Airlines have reduced the number of seats in such points. Even then, all this is affecting air travel.
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