The International Air Transport Association (IATA) has revealed data indicating that air fares in Europe are undercutting inflation, marking a positive trend in the post-COVID recovery phase.
Recent traffic statistics demonstrate that European carriers are only 3.6% below the peak levels observed in 2019. Despite an inflationary backdrop, European travelers are actively exploring air travel, with June witnessing average airfares in the region rising by approximately 16% compared to the pre-pandemic era. However, this increase is trailing behind the European Union’s consumer price index, which, in June, registered a 20% surge over pre-pandemic levels.
Willie Walsh, Director General of IATA, read more ⇒
Source:: AirlineRatings.Com