We are only at the beginning. The surge of prices that air transport is seeing in recent months could be just a taste of what will happen in the future. This is what emerged from the Aci congress in Barcelona, in which the general manager Olivier Jankovec stated in no uncertain terms that airport charges are destined to increase.
So it is easy to understand that the rise will also drive flight prices.
Until now, the increase in the amounts paid by the end customer essentially depended on a logic of supply and demand: the demand for flights after the pandemic has increased dramatically and the offer (coming out of a period of strong contraction due to travel restrictions ) could not keep up. The sum of these two phenomena has led to a rise in tariffs, which however until now depended only on economic issues.
Structural growth
Instead, Jankovec’s speech is different: according to the manager, the adaptation of airports to the needs of sustainability will lead to an increase in costs. And this time it will be structural, ie linked to the industry itself and not to the random trend of the market.
“Regulators and governments must accept that cost pressures and investment needs require an upward adjustment of airport charges,” said Jankovec, as reported ttgmedia.com.
The general manager of Iata also intervened on the same subject Willie Walsh, according to which for at least 10-15 years there would be no drop in tariffs. For the manager, it is also the reduction and zeroing of emissions that weigh heavily, which will have a heavy impact. This was because, he said, “sustainable aviation fuel is much more expensive than kerosene, and consumers will pay for this transition.”
Everything will obviously also depend on the objectives that will be set or eventually revised from time to time. But everything suggests that tariffs will remain at sustained levels for some time to come.
(TTG)
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