The cost of flying to Europe this winter is set to skyrocket 63% above pre-pandemic prices, according to data by booking site Kayak.com.au.
The cost of a return economy seat to some European cities is set to hit almost $3,000, a 46% increase on average air fares for the European summer in 2022. Return economy tickets between Australia and Europe in June are averaging $2,841.
University of Technology Sydney tourism expert David Beirman said the rise in airfares was due in no small part to airlines attempting to make back some of their losses racked up during Covid.
“Airlines for a long time were making next to no money on international flights, especially for economy passengers,” he told The Guardian.
“Those two years of lost revenue is what consumers are paying for now.”
Beirman said the additional cost of luring workers back to the aviation industry during a time of low unemployment is also weighing on airlines bottom line.
“They’ve had to recruit staff and pay them much more money than they used to get,” he said.
Beirman saw no relief in the short term calling it a “sellers market”.