Demand for air travel picks up

Demand for air travel picks up, accompanied by rise in ticket prices

Demand for air travel has been picking up in recent weeks especially during this year-end festive period. But that means, unfortunately for travellers, so have air ticket prices.

In July, an air ticket to Europe that usually costs between S$1,200 and S$1,500, plunged to as low as S$600 to S$900 in some cases as carriers slashed fares to stimulate demand.

The recent economic recovery has seen prices, especially for business and economy class tickets, increasing.

Shukor Yusof, aviation analyst, Standard & Poor's, said: "Air fares have gone up in the last few months because of the demand in travelling in both low cost and full service carriers.

"And it will continue to grow in future because of the growing demand for economy (fares), which has gone up 10 to 15 per cent from middle of the year."

-News courtesy of Channel Newsasia-