Asia and Australasia are set to see fare rises of close to 14 per cent.
NEW YORK – Global airfares are set to become more expensive in 2025 even as gains moderate, according to an American Express Global Business Travel Group forecast, with ticket prices reflecting higher costs and lingering supply-chain disruptions.
While airlines are largely more bullish about demand in 2025, their near-term efforts to add capacity remain hampered by delays in both new Airbus SE and Boeing planes, as well as longer servicing of jet engines that prevent more aircraft from taking to the skies. The key drivers pushing up airfares include rising wages and staffing shortages, particularly with the ongoing labor disputes in North America and the cost of fuel amid ongoing geopolitical tensions, the report added.
Routes between Europe and Asia will likely see a 6.6 per cent jump for economy travel and 8.2 per cent in business, driven largely by the higher costs associated with avoiding Russian airspace and curtailed supply, and as a number of European carriers pull out of China.
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