High airfares are here to stay as airlines take advantage of the post-pandemic travel boom to lock in higher charges, Capital A Chief Executive Officer Tony Fernandes said.
“The fare environment is very good,” Fernandes said in an interview with Bloomberg Television on Tuesday from the sidelines of the Aviation Festival Asia in Singapore. “I think airlines have always underpriced their product. People are getting a little bit of a shock because they see prices a bit higher, but really we’ve been behind the curve on that as an industry.”
