Airline Ticket Prices May Increase, Aviation Executives Warn
Air travelers are facing more expensive airline tickets due to insufficient jet fuel production, which has dramatically raised costs for airline operations.
Ticket prices for flights have risen 25 percent this year, the biggest annual jump since 1989.
Airlines have not made much of a profit from higher ticket prices, however, due to rising operational costs being passed down to the consumer.
A combination of a rise in post-pandemic travel demand, coupled with airlines with 15 percent less capacity than in 2019, led to less available seats on flights.
Airlines and airports have drastically reduced their staff of pilots and support crews over the last two years, leaving them with personnel shortages and flight cancellations after restrictions were lifted….