, meaning the single-biggest cost item on their balance sheets has become even more of a burden. That has forced airlines globally to raise ticket prices.
“Given the financial performance of airlines, there’s just no way an airline can absorb that additional cost,” Walsh said. “It’s inevitable that those higher oil prices will find their way through to consumers in the form of higher ticket prices.” Jet fuel now represents as much as 38% of an average airline’s costs, up from 27% in the years leading to 2019, Walsh said. That means fares have also increased by at least 10% in the first three months of this year, he said.
Even then, premium travel — which doesn’t necessarily only mean business travel, but refers to people flying in business and first class — is recovering faster than economy travel, Walsh said.“It’s principally down to what we call premium leisure, which again supports the idea that consumers have discretionary spend and that they are prepared to spend for a premium experience,” he said.
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Business Maverick: Shanghai slowly emerges from lockdown as virus flares elsewhereShanghai is tentatively unravelling a punishing lockdown that confined millions of people to their homes for weeks amid signs that its outbreak is coming under control, even as flareups in distant cities show how China is locked in a seemingly endless battle to ward off the hyper-infectious omicron variant. Pls keep up the good work,I was excited when I opened my wallet and saw the profit of $10,750 from the investment of $1000. God bless you she is Worth recommending richardtid_
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Business Maverick: New Zealand records its weakest population growth in 30 yearsThe population advanced by just 19,200, or 0.4%, to 5,127,000 at March 31, Statistics New Zealand said on Monday in Wellington. That’s less than the 25,100 gain in the year through March 2021 and is the lowest since the government agency began providing estimates in 1992. I am super excited right now, I can now pay my bills and take good care of my family.. Thank you for bringing happiness to my home with just $5000 i got $50,000 in 7days Williamchurch07 I wish everyone can be like you, Helen, I haven't lost since you have been managing my trading account, I love you so much JonathanHele
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