Dear MEL Topic Readers,
Airfares across Asia are sky-high this year. Here’s why
As borders reopened for travelers after three years of Covid restrictions, many people are so eager to travel abroad. But even with their unused travel budget during the Covid period, some people find it too expensive to fly especially across Asia Pacific regions where travel restrictions were lifted just recently, much later than in Europe and North America. The main problem is the flight capacity, which had been significantly reduced in the last three years. It takes time for airlines to position crew and ground staff, coordinate with airports, and relocate aircraft to increase capacity. Now, demand is higher than supply, so prices become higher accordingly. Then, higher fuel costs, inflation, and labor shortages all increase ticket prices. Furthermore, as Russian airspace has been closed to many countries since the invasion of Ukraine, flights between Europe and Asia have been forced to reroute, which takes longer distance, flight time, and fuel. For instance, a flight from Tokyo to London now takes 2.4 hours longer and burns 20% more fuel. All in all, airfares have become more expensive than pre-Covid era, especially in Asia Pacific regions, and don’t seem to get back to the pre-Covid levels anytime soon or never.
Enjoy reading the 4,000th topic reading and think about your next travel strategy to cope with the rising airfare and most likely, ground transportation and accommodations.
https://edition.cnn.com/2023/03/24/business/asia-airfares-flights-travel-recovery-intl-hnk/index.html
Airfares across Asia are sky-high this year. Here’s why
As borders reopened for travelers after three years of Covid restrictions, many people are so eager to travel abroad. But even with their unused travel budget during the Covid period, some people find it too expensive to fly especially across Asia Pacific regions where travel restrictions were lifted just recently, much later than in Europe and North America. The main problem is the flight capacity, which had been significantly reduced in the last three years. It takes time for airlines to position crew and ground staff, coordinate with airports, and relocate aircraft to increase capacity. Now, demand is higher than supply, so prices become higher accordingly. Then, higher fuel costs, inflation, and labor shortages all increase ticket prices. Furthermore, as Russian airspace has been closed to many countries since the invasion of Ukraine, flights between Europe and Asia have been forced to reroute, which takes longer distance, flight time, and fuel. For instance, a flight from Tokyo to London now takes 2.4 hours longer and burns 20% more fuel. All in all, airfares have become more expensive than pre-Covid era, especially in Asia Pacific regions, and don’t seem to get back to the pre-Covid levels anytime soon or never.
Enjoy reading the 4,000th topic reading and think about your next travel strategy to cope with the rising airfare and most likely, ground transportation and accommodations.
https://edition.cnn.com/2023/03/24/business/asia-airfares-flights-travel-recovery-intl-hnk/index.html
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