According to the American Express Global Business Travel Group forecast, global airfares will rise in 2025, reflecting higher costs and supply chain disruptions. The increases are expected to be more pronounced in Asia and Australasia, with factors like rising wages, staffing shortages, and geopolitical tensions contributing to the trend.
Global airfares are expected to rise in 2025 despite moderating increases, according to a forecast by the American Express Global Business Travel Group (Amex GBT). The forecast indicates that ticket prices will reflect higher costs and lingering supply chain disruptions. North America and Europe are projected to experience modest 2 per cent increases, while Asia and Australasia, where pandemic restrictions were lifted later, will see rises of around 14 per cent.
Airlines anticipate stronger demand but face challenges in expanding capacities due to delays in new aircraft deliveries and extended engine servicing. Amex GBT's report highlights rising wages, staffing shortages, ongoing labor disputes, and geopolitical tensions in fuel prices as key factors driving up airfares. Additionally, airlines are introducing new surcharges, and low-cost carriers are investing in premium services such as airport lounges and better seats
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