Aviation
Strong demand and severe limits on capacity will drive airfares up in 2024
Pent-up demand for travel will clash with severe restraints on airlines and airports leading to higher prices for consumers
The aviation industry looks set for another strong summer in 2024, as capacity constraints keep fares high, according to a report from analysts at Bernstein.
In 2023, Ryanair, Europe’s leading short-haul carrier, reported a 59 per cent increase in profits to €2.18 billion in the six months to September, on the back of record summer traffic.
The airline recorded a 30 per cent hike in revenues to €8.58 billion during the period, as traffic rose ...