Airlines Bask in Sky-High Summer Fares While Airports Stay Stuck
- Many hubs are still struggling in wake of Covid pandemic
- Carriers report quick recovery heading into IATA AGM
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Soaring ticket prices are lining the pockets of the world’s biggest airlines, providing balm to the economic wounds suffered during the travel lockdowns of Covid-19. But as the industry takes off, airports say they’ve been forgotten at the gate.
Flying will be far more expensive this summer, according to corporate travel manager American Express Global Business Travel, which analyzed tens of thousands of client transactions on international flights to and from Asian destinations. A typical New York-to-Hong Kong flight in economy class cost more than twice as much this year as in 2019, and almost a third more than last year.