American Express expects global airfare prices to rise next year, with Asia seeing the highest increase of up to 14%.
American Express (AXP.US) Global Business Travel Group (Amex GBT) predicts that global airline ticket prices will rise next year. Most routes are expected to record increases, with economy class fares in asia and australia seeing the largest increases, potentially reaching 14%, while north america and europe will see a slight increase of about 2%. The group stated that the main reasons for the price increase include rising wage costs, increased fuel prices under geopolitical tensions, and delays in aircraft deliveries. The group also anticipates that business class fares will also see increases, particularly on routes to and from europe and asia, with an expected increase of 8.2%, followed by australia at 7.8%.
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