Airfares across Asia are sky-high this year. Here's why | CNN Business

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Travelers across Asia Pacific will likely continue to fork out more than usual for flights this year

Airfares within the region were 33% higher in February than the same month in 2019, compared with increases of 12% and 17% in Europe and North America, respectively, according to data from Skyscanner Travel Insight. In some cases, customers are paying twice what they did four years ago. A business class ticket from Paris to Shanghai that would have cost approximately $5,650 in 2019 has now doubled to more than $11,500, according to American Express Global Business Travel .

“Even though airline capacity is coming back, it’s not coming back at the same pace as we expect the pent-up demand to be. That’s where the crux is,” said Quek. “Reduced capacity, and growing demand, is the formula for rising prices.” Added costs Last year, Russia sealed off its airspace to airlines from dozens of countries as its invasion of Ukraine started. As a result, many flights have been forced to reroute, making trips longer and more expensive.

 

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So are all long haul Ba prices have doubled since 2019 but service is worse time to stop this only for the rich

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