Why Airfares Are Likely To Stay Expensive For Some Time

Simple Flying

By Dillon Shah

Published Dec 26, 2023

Airfares have been rising and are likely to continue growing for the next few years. Here's why.

Photo: Piotr Mitelski | Ryanair

Low-cost airlines have had to increase their prices due to capacity constraints and higher fuel costs, resulting in passengers paying more for their trips.
The rise in airfare prices can be attributed to a constrained supply situation across Europe and an increase in fuel prices, which have been partially mitigated through increased airline competition.
While airline consolidation has increased in certain regions, such as the US and Europe, new airlines have also been created, leading to more competitive market conditions and potentially benefiting consumers.