Airline Operators Say Fare Hike To Outlive Festive Season

Airline operators say the current fare hike in air travel globally would outlive the coming festivities.

Admitting that the increase was not arbitrary, the operators noted that a surplus in demand that typically follows celebrations and prevailing shortage of fleet would naturally raise the price.

They expressed concern that there would not be corresponding airlines to address the traffic, as more than half of the regular fleet are either due for maintenance or stuck overseas on account of paucity of funds.

According to travel experts, the resultant effect would be more stress for flyers, as many might opt for the journey by road.

Meanwhile, the International Air Transport Association (IATA) has said the local economy could only grow when people move around.

International Air Transport Association Director-General, Alexandre de Juniac, called on governments to include market stimulation measures in their bailouts to keep aviation financially viable.