OTTAWA — The price of a plane ticket fell more than 14 per cent on average in January compared with a year earlier, according to new data from Statistics...
OTTAWA — The price of a plane ticket fell more than 14 per cent on average in January compared with a year earlier, according to new data from Statistics Canada.
The year-over-year fare decline for January follows a trend seen since April where prices have fallen compared with the same months the year before. December registered a nearly 10 per cent year-over-year fare drop, while November saw a 17 per cent year-over-year decrease. Air traffic in December notched 3.5 per cent below volumes from the same month in 2019, ending a five-month run in which passenger numbers had surpassed pre-COVID-19 levels, according to Statistics Canada.
Competition also remains fierce between Canadian airlines, as smaller players expand and WestJet and Air Canada battle budget carriers for customers on routes to sun destinations and North American cities.Stock market today: Asian shares mostly decline, while Tokyo again touches a record high “Over the next three to five years, we’re really going to start seeing this," says Columbia's Stijn Van Nieuwerburgh. "This cycle is out of control.”WASHINGTON -AT&T will award billing credits to consumers impacted or potentially impacted earlier this week by a significant wireless outage because of the disruption, the company said late on Saturday.
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