India followed by United Arab Emirates, Singapore and Australia saw the highest surge in the Asia Pacific region even though airport charges have remained steady since the Covid-19 pandemic, a report by the Airports Council International (ACI Asia-Pacific) revealed.
According to the report, the markets that saw the highest rise in airfares were India (41%), United Arab Emirates (34%), Singapore (30%) and Australia (23%).
“Fuel prices and inflation were responsible for a significant portion of airfare increase and fuel prices went up 76% in 2022 compared to 2019. The airlines’ costs increased as the Consumer Price Index saw an average 10% increase over the same period. It revealed an increase in international airfares by up to 50%, while domestic routes went up by less than 10%”, the report added.
