Why Airlines Ticket Prices Are Still High Despite COVID-19 Pandemic Receding

Access to various countries around the world has become available, while airlines expect to make significant profits after business and leisure trips return to their pre-pandemic level.

But the question posed, according to the American “Bloomberg” news network, is:

Why are ticket prices still so high?

• “Bloomberg” says that there is a shortage in the number of aircraft, as airlines worked to disable a large part of their fleets because the demand for air travel was very weak at the beginning of the pandemic, and therefore there was no need for them, and these planes cannot be returned to work at the same speed, It takes about 100 man-hours to get the largest aircraft back into service after being grounded.
• Another reason for the rise is that consumers are willing to pay higher prices for tickets after being denied the opportunity to travel, sometimes up to 3 years of deprivation.
• And a survey conducted by the “Booking” website, which specializes in reservations, among 25,000 adults who plan to travel during the next 12-24 months, showed that they want to travel more than compensate for lost opportunities.
• Marcos Guerrero, a senior director at an online travel company, says that even with some trips priced higher than they used to be, many people still see value in travel.

Bad news for travelers

The bad news for consumers is that ticket prices are likely to remain high for at least several years, says Ryanair CEO Michael O’Leary.

Airlines suffered huge losses estimated at about $200 billion due to the “Covid-19” pandemic, and this sector lost tens of millions of jobs.

And when airlines recovered with the return of demand for travel, these companies faced major obstacles in employment, because many former employees searched for other, more stable jobs.

Not only did the shortage of manpower cause disruptions in air traffic, it also raised the cost of attracting and maintaining human resources, which means an increase in salaries and thus an increase in ticket prices.