Record jump in airfares for UK holidaymakers in bookings rush
British holidaymakers seeking a winter getaway have been hit by the fastest increase in air fares since records began as airlines warn passengers of an end to budget travel. Official data showed that airfares jumped 44.1% compared with a year earlier as carriers report strong demand for flights despite the cost-of-living crunch squeezing UK households. It marked a sharp acceleration from a rate of 24.3% in November after an easing in price growth since the summer. December was the largest year-on-year increase in air fares since at least 1989, according to the Office for National Statistics. Low-cost carriers in Europe have warned that the days of ultra-cheap airfares are coming to an end. However, demand is still buoyant in the wake of Covid-19 even amid a gloomy economic backdrop for households.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2023-01-19/general/record-jump-in-airfares-for-uk-holidaymakers-in-bookings-rush
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Record jump in airfares for UK holidaymakers in bookings rush
British holidaymakers seeking a winter getaway have been hit by the fastest increase in air fares since records began as airlines warn passengers of an end to budget travel. Official data showed that airfares jumped 44.1% compared with a year earlier as carriers report strong demand for flights despite the cost-of-living crunch squeezing UK households. It marked a sharp acceleration from a rate of 24.3% in November after an easing in price growth since the summer. December was the largest year-on-year increase in air fares since at least 1989, according to the Office for National Statistics. Low-cost carriers in Europe have warned that the days of ultra-cheap airfares are coming to an end. However, demand is still buoyant in the wake of Covid-19 even amid a gloomy economic backdrop for households.<br/>
