Editorial staff
2 minute read
14 Jun 2022
6:31 am

‘Good old days’ of low airfares gone?

Editorial staff

The prices currently being seen are more of a realistic representation of the actual costs of flying.

Comair's British Airways flight at Harry Mwanga Nkumbula International Airport in Livingstone, Zambia. Picture: iStock

Of all the sectors in the global economy affected by the Covid-19 pandemic and its associated restrictions, the travel sector – and specifically airlines – were probably hardest hit. They lost billions and the ones which did survive had to restructure and rethink their business models. One of the business models which is, and will continue to be, under the most pressure is the one which offers low-cost air fares. ALSO READ: Govt unable to assist Comair as Ramaphosa places blame on ‘limited resources’ This is because its profits are built on volume – and passenger numbers are still not...