Holidaymakers have been dealt another blow today as one airline claimed plane ticket prices could rise by 10 per cent this summer. The boss of Wizz Air said tickets are already more expensive now than they were before the pandemic struck.
Jozsef Varadi expects prices to increase even further, likely by "upper single digits", in the company’s second quarter, which runs between July and September. It means fares could rise by close to 10 per cent, although the company did not reveal any more detailed assessment of where they are likely to go.
Mr Varadi said: “Our bookings are showing strong performance in the first fiscal quarter, with average fares trending higher at low single digits versus (the) same period in F20 (financial year ending March 2020). For fiscal quarter two, we expect fares in the upper single digits ahead of the equivalent period F20.”
