A leading transport analyst expects domestic air tickets to continue to be discounted over the coming months as Air New Zealand grapples with falling demand.
Air travel isn’t recovering consistently around the world. In some cases, demand or capacity haven’t returned to pre-pandemic levels; in others, the initial rebound may have ended, allowing more normal market conditions to resurface. As a result, the factors driving changes to airfares in 2024 will vary by market.
“Over the past two years, airfares have increased significantly,” said Jorge Cruz, executive vice president of Global Sales & Marketing at BCD. “As a result, using savings as a performance measure has been almost impossible for travel buyers. We advise companies to review their travel policies and their travelers’ booking behaviors to lower the overall cost of their travel programs.”
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