European air fares ‘rising way above inflation’, ACI Europe says

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Air fares in Europe are “rising way above inflation,” Airports Council International (ACI) Europe said on Tuesday, rebutting statements from airline lobby group IATA.

The International Air Transport Association (IATA) – which represents some 300 airlines including Lufthansa and SAS – had said that while air fares were rising below inflation, charges from airport operators have grown above it.”While IATA states that air fares in Europe only increased by +16% as of June this year compared to 2019, independent and authoritative data from RDC shows such increase actually standing at +38% over the peak Summer months,” the trade association representing European airports said in a statement.This rising trend continued into October, ACI said, adding fares were up 47% when booked three months in advance.The Financial Times had reported in early November that the European Union was pressuring airlines over soaring fares.

via Reuters

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