Price of air tickets set to keep climbing

The upside is that airports (hopefully) will be less crowded than they once were-can that be a bad thing?

To reduce carbon emissions, the industry focus is on sustainable aviation fuels (SAFs), which are currently two to four times more expensive than fossil-based aviation fuel . . . On Tuesday, the IATA urged governments to provide subsidies to ensure SAF production reaches 30 billion liters in 2030, up from 125 million liters in 2021. It also wants price curbs.

This, at a time that the price of jet fuel is not only rising, but since 1Q has been rising much faster than the price of oil futures, largly due too the cost of refining jet.

For perspective, the price of jet fuel, world average as of last week, in USD per barrel was 177.08. Up .3% from the previous week, up 20.8% MoM, and up a whopping 128.9% YoY.

The IATA's own figures show that the global airline industry’s fuel bill amounts to a average quarter of operating costs.

The pledge that the industry made towards the Paris Agreement requires substantial government subsidities, as there is no where near the refining capacity required to implement SAFs on any scale.

The pledge is an example of one made by a well-intention industry, knowing - even back when it was made, as especially now - that it was going to be paid by someone else. Without regard to the contributing impact on the entire travel and hospitality industries, and on global stagflation and recession.

Thank the west for their sanctions pushing up oil prices but doing almost nothing or in fact nothing to hurt Russia.

Nothing YET.

There you go. Now it's accurate. No serious person believes that the Russian economy is not in for a "correction" of epic proportions.

Thank the west for their sanctions pushing up oil prices but doing almost nothing or in fact nothing to hurt Russia.

Japan and Asia are pretty good, thanks to their regulated markets, which can quickly return to pre-pandemic capacity . US and Canada, European passengers are really suffering, thanks to the local airlines’ massive layoffs and other forms of downsizing. 

We’re going to Thailand from Japan in August and got a pre-pandemic level fare.

Flying will eventually become a privilege for the rich people only. They control everything. They don't want poor peasants roaming around their exclusive ski zones in Switzerland, or private villas in Cambodia.

In the United States, the average price of an internal flight has shot up, from $202 in October 2021 to $336 in May this year, according to the Federal Reserve Bank of Saint Louis.

As result of antirussian sanctions tickets for domestic flights in Russia went down by some 10-15% in most cases.A bit opposite direction than USA?

Well, the hopes of so many people that depend on tourism about an spectacular bounce back as soon as restriction were lifted seem gone. Rich people will keep traveling as usual, but for most of the people the prices are steep enough to re-consider international travel.

Well, fuel prices in some places have doubled. When I was in the US last spring, I paid about $2.40 a gallon for gas. Now the average is about five bucks. Hell, gas in Canada now costs more than gas in Japan, and Canada HAS oceans of oil!

OK I understand for fuel & some other costs that fare will be more than pre-covid BUT I am flying home today, lost dad last year, mom is getting old so I got to do this.

But the cost is about over DOUBLE what the same seat would have been pre-covid, so when I get back I wont be flying again until prices get to normal!

The oil price shock stoked by Russia's invasion of Ukraine is the most obvious factor in these price rises.

When you read bull like this, you wonder if the author actually researched the price of oil and fuel at least one year before Russia’s military operation?

The days of international travel for low income people or people from the lower middle class all over the world is over.

I suspect that is true. The KLM flights to Europe I used to take 10-15 years ago (110,000 yen return in May) now cost double or more. Which is bad if you are going alone, but ruinous if you are paying for a whole family. There are still deals on places LCCs go, but not many of them are long haul.

Interested in new Zipair flights from Narita to San Jose California. A cheap nonstop to the SF Bay Area

I didn’t find that flights were that cheap during the pandemic and I flew multiple times in 2020-2021

Did the airlines buyback their stock with some of that bailout cash?

And you thought it would go back to normal after the pandemic. Lol. Don't say you weren't warned by many.

Ah yes. Welcome to the 21st century. Which is looking like, the first quarter anyway, is blame everything on Putin.

There is a slight creep in prices but there are still many cheap tickets to be found

The days of international travel for low income people or people from the lower middle class all over the world is over.

Carbon usage will be monitored and a carbon tax will be next and there will be a quota on how much carbon you use without paying extra.

Food, travel, heating, cooling etc etc will be included.

For many, this will be a digital 'transaction denied' scenario as they try to buy their flights online and cannot.

Unless you are wealthy, you won't be traveling like you have grown to expect.

And you thought it would go back to normal after the pandemic. Lol. Don't say you weren't warned by many.

Still a lot of cheap flights if you search for them.