November 27, 2022

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IATA Put Air Travellers On Notice of Fare Hike

5 min read

Mr Willie Walsh, Director General/Chief Executive Officer, IATA

Air travellers from all corners of the earth have been put on notice of an impending rise in airfare which changing operating environment has compelled the airlines to contend with but which the burden therefrom will naturally be passed on to the passengers.

The Director-General, International Air Transport Association, IATA, Mr Willie Walsh, sounded the alarm on a Sunday morning, BBC radio talk show, in London.

Willie Walsh while fielding questions from the anchor of the radio show said, “flying will be more expensive for consumers, without a doubt”. He added that the “high price of oil” will be “reflected in higher ticket prices”.

He acknowledged that the critical mass crucial to air travel rebound was just being ramped up in very encouraging numbers of travellers and suddenly, an astronomical increase in aviation fuel shoot up airlines’ operating costs beyond the rooftop.

He largely fingered the war in Ukraine to have pushed oil prices up further and its attendant disruptions.

The IATA DG/CEO further explained that “oil is the single biggest element of an airline’s cost base. It’s inevitable that ultimately the high oil prices will be passed through to consumers in higher ticket prices.”

Walsh also highlighted some of the diplomatic decisions through governments’ reactions to the Russia and Ukraine war which have adversely impacted the aviation fuel global supply chain.

Sunset at the airport. Refuelling an aeroplane

He gave further clues on how the oil supply will be impaired in the coming days and weeks saying, “the fallout from the war in Ukraine has pushed prices up further. The US has announced a complete ban on oil imports from Russia, the UK is to phase out Russian supplies by the end of the year”.

Air travellers from all corners of the earth have been put on notice of an impending rise in airfare which changing operating environment has compelled the airlines to contend with but which the burden therefrom will naturally be passed on to the passengers.

The Director-General, International Air Transport Association, IATA, Mr Willie Walsh, sounded the alarm at a Sunday morning, BBC radio talk show, in London.

Willie Walsh while fielding questions from the anchor of the radio show said, “flying will be more expensive for consumers, without a doubt”. He added that the “high price of oil” will be “reflected in higher ticket prices”.

He acknowledged that the critical mass crucial to air travel rebound was just being ramped up in very encouraging numbers of travellers and suddenly, the astronomical increase in aviation fuel shoot up airlines’ operating costs beyond the rooftop.

He largely fingered the war in Ukraine to have pushed oil prices up further and its attendant disruptions.

The IATA DG/CEO further explained that “oil is the single biggest element of an airline’s cost base. It’s inevitable that ultimately the high oil prices will be passed through to consumers in higher ticket prices.”

Walsh also highlighted some of the diplomatic decisions through governments’ reactions to the Russia and Ukraine war which have adversely impacted the aviation fuel global supply chain.

He gave further clues on how the oil supply will be impaired in the coming days and weeks saying, “the fallout from the war in Ukraine has pushed prices up further. The US has announced a complete ban on oil imports from Russia, the UK is to phase out Russian supplies by the end of the year”.

Air travellers from all corners of the earth have been put on notice of an impending rise in airfare which changing operating environment has compelled the airlines to contend with but which the burden therefrom will naturally be passed on to the passengers.

The Director-General, International Air Transport Association, IATA, Mr Willie Walsh, sounded the alarm at a Sunday morning, BBC radio talk show, in London.

Willie Walsh while fielding questions from the anchor of the radio show said, “flying will be more expensive for consumers, without a doubt”. He added that the “high price of oil” will be “reflected in higher ticket prices”.

He acknowledged that the critical mass crucial to air travel rebound was just being ramped up in very encouraging numbers of travellers and suddenly, an astronomical increase in aviation fuel shoot up airlines’ operating costs beyond the rooftop.

He largely fingered the war in Ukraine to have pushed oil prices up further and its attendant disruptions.

The IATA DG/CEO further explained that “oil is the single biggest element of an airline’s cost base. It’s inevitable that ultimately the high oil prices will be passed through to consumers in higher ticket prices.”

Walsh also highlighted some of the diplomatic decisions through governments’ reactions to the Russia and Ukraine war which have adversely impacted the aviation fuel global supply chain.

He gave further clues on how the oil supply will be impaired in the coming days and weeks saying, “the fallout from the war in Ukraine has pushed prices up further. The US has announced a complete ban on oil imports from Russia, the UK is to phase out Russian supplies by the end of the year”.

Air travellers from all corners of the earth have been put on notice of an impending rise in airfare which changing operating environment has compelled the airlines to contend with but which the burden therefrom will naturally be passed on to the passengers.

The Director-General, International Air Transport Association, IATA, Mr Willie Walsh, sounded the alarm on a Sunday morning, BBC radio talk show, in London.

Willie Walsh while fielding questions from the anchor of the radio show said, “flying will be more expensive for consumers, without a doubt”. He added that the “high price of oil” will be “reflected in higher ticket prices”.

He acknowledged that the critical mass crucial to air travel rebound was just being ramped up in very encouraging numbers of travellers and suddenly, an astronomical increase in aviation fuel shoot up airlines’ operating costs beyond the rooftop.

He largely fingered the war in Ukraine to have pushed oil prices up further and its attendant disruptions.

The IATA DG/CEO further explained that “oil is the single biggest element of an airline’s cost base. It’s inevitable that ultimately the high oil prices will be passed through to consumers in higher ticket prices.”

Walsh also highlighted some of the diplomatic decisions through governments’ reactions to the Russia and Ukraine war which have adversely impacted the aviation fuel global supply chain.

He gave further clues on how the oil supply will be impaired in the coming days and weeks saying, “the fallout from the war in Ukraine has pushed prices up further. The US has announced a complete ban on oil imports from Russia, the UK is to phase out Russian supplies by the end of the year”.

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