UAE flights: Will airfares decrease during summer vacation?

UAE flights: Will airfares decrease during summer vacation?

Airfares have nearly peaked and are likely to see downward pressure in the post-summer period as airlines look to add more seat capacity, say travel industry executives.

Airfares have spiked mainly due to post-pandemic pent-up demand, high oil prices and revenge travel and tourism that the world saw in the last two years.

“By this summer, all of the supply constraints will be worked out and some of the ticket prices will be back to normal range. Ticket prices are substantially higher as compared to what they were pre-Covid. I hope airlines increase the frequency and put some downward pressure on prices. Big Gulf carriers are back to where they were preCovid-19 level but Asia Pacific carriers are bit a slower,” said Ross Veitch, CEO and co-founder, Wego.

Veitch expects around another 15-20 per capacity could be added by summer this year.

Ghaith Al Ghaith, CEO, flydubai, on Monday said airfares have reached their peaks and are likely to stay at that level for the next few months.

“Airfares are still very strong and as there is a huge increase in fuel prices. Airfares are at their peaks as it is a supply and demand issue. I believe it (airfare) will stay there till summertime,”