More planes, more destinations and less queuing at airports. Flying will be smoother and possibly cheaper in 2023, aviation bosses say.
asked airline and airport bosses to forecast where airfares will go in 2023. Here’s what they said:It is difficult to accurately predict when, given the mix of factors driving them up at the moment. If fuel prices, consumer demand and inflationary pressures remain high, airfares will understandably be higher than historic levels. We are using every available aircraft in our fleet to meet high demand, and are taking delivery of 13 additional aircraft in 2023.
We think airfares are likely to fall in 2023, although it could be a while yet before supply catches up with demand. We are seeing some positive signs for travellers heading to some of our key holiday destinations, with five carriers now competing between Melbourne and Bali, and almost a million seats on sale for that route next year.
Melbourne Airport CEO Lorie Argus says it will take time for airlines to provide enough planes to fully cater for demand for flights.Airfares are currently elevated due to limited capacity and strong demand. As furloughed aircraft are returned to the skies and the labour pool is expanded, we expect airfares to come down later in 2023, which is great news for the travelling public.Brisbane Airport CEO Gert-Jan de Graaff expects airfares to fall towards the end of 2023.
In the absence of unexpected shocks, airfares will start to come down during 2023. Airlines are addressing imbalances in supply and demand which should start to normalise the cost of flights. In the meantime, keep booking early where you can.writes on business, specialising in infrastructure and transport.
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