Paris Airport Operator Says Pricey Plane Tickets Will Hit Demand
Europe’s airline industry is at risk of falling behind on environmental targets that some carriers say are becoming increasingly costly and difficult to reach.
Photographer: Nathan Laine/BloombergThe operator of the main Paris airports predicted an increase in air fares in coming years to compensate for the use of expensive alternative aviation fuel, weighing on travel demand into the world’s most popular tourist destination.
Aeroports de Paris SA expects to process 105 million passengers in 2050 at its key Charles de Gaulle hub north of Paris, up from 70 million passengers last year, Chief Executive Officer Philippe Pascal said on Thursday. That’s well below a pre-Covid-19 projection of 168 million passengers. Sustainable aviation fuels will be three to four times more expensive than kerosene, which will translate into more expensive airplane tickets prices, he said.