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European air fares 'rising way above inflation', ACI Europe says
(www.reuters.com)
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this post was submitted on 15 Nov 2023
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This is the best summary I could come up with:
Nov 14 (Reuters) - Air fares in Europe are "rising way above inflation," Airports Council International (ACI) Europe said on Tuesday, rebutting statements from airline lobby group IATA.
The International Air Transport Association (IATA) - which represents some 300 airlines including Lufthansa (LHAG.DE) and SAS (SAS.ST) - had said that while air fares were rising below inflation, charges from airport operators have grown above it.
"While IATA states that air fares in Europe only increased by +16% as of June this year compared to 2019, independent and authoritative data from RDC shows such increase actually standing at +38% over the peak Summer months," the trade association representing European airports said in a statement.
This rising trend continued into October, ACI said, adding fares were up 47% when booked three months in advance.
The Financial Times had reported in early November that the European Union was pressuring airlines over soaring fares.
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