Airfares peaking as travellers in Europe, Asia seek savings

Airfares in Europe and Asia are starting to plateau or fall, signaling an end to the post-COVID travel boom. Airlines, struggling with higher costs and limited aircraft availability, are facing a setback as the “travel at all costs” trend wanes and customers become more price-sensitive due to inflation. Budget carriers like Ryanair have warned about slower ticket price growth, while Asian airlines like Singapore Airlines and Cathay Pacific expect passenger yields to moderate as capacity expands. Photo: Daniel Eledut on Unsplash