Soaring cost of air travel not keeping passengers grounded
CTV
The International Air Transport Association says the cost of a plane ticket is expected to keep soaring due to a number of factors, including inflation, jet fuel costs, and pressure to decarbonize.
The price of your next flight will likely cost you more.
According to the International Air Transport Association (IATA), the cost of a plane ticket is expected to keep soaring due to a number of factors, including inflation, jet fuel costs, and pressure to decarbonize.
"Ultimately, consumers are going to pay the additional costs that are being faced by the industry," said IATA Director General Willie Walsh, during the association's meeting in Dubai.
"With margins of three per cent, there's no way the industry can absorb the additional, or potential additional, costs that we'll face."
Air Passenger Rights president Gabor Lukacs doesn't agree.
"The airlines are trying to increase their profit margins by softening up the travelling public to accept a higher price," said Lukacs.
He notes Canada's airline industry is different, and often pricier, than many other countries.
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