What’s Happening with the Airline Ticket Prices?!
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- Опубликовано: 28 май 2024
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Have you booked flights for a vacation during the coming months? Do airline tickets seem to be getting more expensive, and if so, what should YOU do? Well, I will tell you all about that and about some better news about the longer-term future of aviation - and its effects on our wallets.
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Below you will find the links to videos and sources used in this episode.
Sources
• Flybe flights grounded...
• Norwegian Air begs for...
• Ryanair posts record p...
• Airlines are already a...
• Air India places recor...
• World Business Watch |...
• American Airlines Anno...
• United Airlines Buys R...
• United - This is the s...
• Upgrade Your Internati...
• Straight to the Gate: ...
• United - Day in the li...
• SA Airlines | Ticket p...
• How Airlines Can Survi...
• Can the airline sector...
• 2023 will bring more d...
• Why Every Airline Is E...
• Big plane, short runwa...
• Boeing 787-10 Dreamlin...
• Boeing 777X launches i...
• Delta Retiring 777 Air...
• Life as a Delta Ramp A...
• Boeing's 787 Dreamline...
• Engineering Apprentice...
• Wizz Air | Building th...
• What's causing travel ...
• United - Captain Peter...
• Why Hasn't U.S. Solved...
• United - Pilots
• Can the Airline Indust...
• Air Travel Before and ...
• Emirates A380 welcomes...
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I am happy for you that you are a pilot and have a large salary and don't seem to think a recession is coming, for the rest of us, we are already in one for a long time. Next time don't be so out of touch, ok?
Is the shortage of pilots also due to injuries from the covid1984 jab?
@Kyle Korona thanks, I forgot about the pilot unions.
Schipol does seem like they probably are struggling staff wise, I live in Amsterdam and their marketing for potential staff does seem to have increased. So I can only assume they have been burning quite some funds in an attempt to fill vacancies.
@@user-pf9rf3sr1q Im simply reporting what the airlines are experiencing, not what individuals might be feeling.
To summarize,
1. Some airlines prematurely retired aircraft and lost capacity
2. Production from both Boeing and Airbus is not able to meet demand fast enough
3. Pilot shortage has increased their salaries (premature retirement during the pandemic as well as fewer pilots being trained)
4. Airlines are hiking prices to improve their finanaces as they have regained their market share.
5. Airlines deferring deliveries during the pandemic
6. Making the customers pay for all this
Thank you. These mandatory 15 minute videos that deliver 1 minute on content, are . . .
Thank you
consumers are paying for it...
Best comment ever
You reminded me, I flew with Wizzair in November, and during the normal pre-takeoff announcement, the captain wanted us to know that we were traveling on a brand new plane. He sounded so happy and excited that he was going to fly it.
new plane, would make me nervous.
@@Blue-hf7xtme too
New aircraft are always a joy to fly.
@@Blue-hf7xt no reason to, not new design but new production is completely up to date safety wise and has no component wear. They're very much safer.
@@mandowarrior123 Some have had new problems that become evident during flight. Like the lithium battery
It blows my mind how much ticket prices have skyrocketed while the overall quality standard of flights for passengers has nosedived. Between the seats being smaller than 65% of men and in flight service being cut back across the board, flying has become absolutely hostile to anyone not flying business. (From an NA perspective)
Learnt that SIA has switched to disposable cutlery for its economy class food catering, though they use bamboo materials to make it feel more premium I guess. Some of my countrymen got pretty defensive against criticism aimed at SIA though when it recently announced it was trialing the use of disposable cutlery in premium economy & business classes too, with them saying "Go ahead & take another airline". & its also not the 1st time that my countrymen have been defensive. They accused an Australian passenger who'd 1 hand amputed of being ignorant of aviation safety when she complained about an air steward who allegedly told her "the problem is obvious" when she asked why she was told to be moved away from an emergency exit row seat. & when Josh Cahill used an overly sensationalized title for his SIA review vlog that made him sound more critical of SIA than he was, there was talk about "putting him in his place" & apparently his girlfriend faced death threats too
Sometimes not even business is good enough.
I took nearly 500 flights in my life in the last 20 years. Never saw a more messy period than now. Only fly as a last option, it's an exhaustive ordeal especially if you have small kids
They've DELIBERATELY designed it this way to stop you travelling - research "15 minute cities" & the globalist Schwab reset plan.
flights lookin cheap in the us rn
Air travel used to be enjoyable, these days it's more like going to the dentist to have teeth pulled.
One giant (IMO) piece of the puzzle you left out-for years the regular business traveler was the bread & butter for airlines, and with the normalization of virtual meetings that took place during COVID (i.e. Zoom, Teams, Skype, etc) the airlines have lost a large portion of the frequent flyer crowd. Business still takes place in person but the high level business that demands in-person meetings are generally done via executives with private charter jets and you won’t find them flying commercial.
why number of business seats was not reduced then?
Very true - and many businesses travelers were more bothered about getting there, times, flexibility etc , rather than the price - so very profitable seat sales.
@@henson2k it’s not as if business passengers are segregated during boarding, they are or rather were a large part of economy-class just like not every passenger who books business-class is a businessperson-they’re just looking for better amenities and seating.
You nailed it!
Businesses don't shop on price...like AT ALL. Maybe a mom n pop, anything larger will pay whatevs. Big cash cow.
I got a round trip ticket from the US to Europe with hotel stay for $236. The taxes & fees was a separate problem. $445.
Thank you for this eye opening insight, Petter. I flew from south America to Barbados 2 weeks ago and just returned yesterday. I won't mention the airline, but let's just say it belongs to the Star Alliance group. The prices for economy tickets were astronomical and a big dent in my budget. However I looked at the cost of business class, and it was almost 400% more, and on 2 flights of 4 hours each on a 737-800 I was shocked at how much the airline wanted for 2 business class seats. It's not like business class on this airline/aircraft is luxury, far from it!
When I got to check in, they initially assigned us the last row and I asked them to change it so we could be the furthest forward possible. Amazingly, the airline said that if you want to sit further forward, you have to pay extra. I thought they were referring to business class, and explained I only want seats further forward in economy class, they told me that's $100 extra per seat!
So to stay in economy, but sit a few rows ahead they now charge more?!? What a complete SCAM!
I love aviation, and I understand the costs involved for airlines, and your video absolutely nails it. But I strongly resent airlines trying to bleed us of money unnecessary, with ridiculous prices for premium economy, business and first class, and then this "pay extra to sit 7 rows further forward".
I had a great trip, but the experience with the airline was one of the worst I've ever had.
Sorry for the rant, I really appreciate the time and effort you put into these videos and the depth of your research
It’s Copa Airlines, isn’t it.
They don’t even offer hot meals in business class for flights of around 3 hours.
Dogshit airline
I don't really see it as a scam. Businesses charge more for products and services that customers perceive as more desirable. This airline is following a pricing model as old as capitalism.
Hope you had a great trip despite your disappointment with the carrier.
If business class was 4 times more and you want more room than the cheapest economy ticket then buy 2 economy seats next to each other & pay half as much as a business class.
Take a boat.
Name and shame them. Publicly call them out.
Another reason for high ticket prices is a serious staff shortage with many airlines. Especially highly qualified flight crews were fired during the pandemic. Now demand is going up, stronger than expected by many airlines, and the airlines are not able to offer more flights, because there's just not enough qualified staff to operate more aircrafts. That means on some routes demand is higher than seats offered by the airlines.
Makes sense-flying from the UK to BKok there used to be a ton of offers but when I flew out at the end of Nov.last year before the Xmas rush tkts were very pricey plus there were some semi scams whereby the price shown was completely different to what was quoted at payment ,baggage costs on long haul are high too and if you are going for a mnth or so carry on isnt enough so you have no choice but to pay.
Okay so I'm not crazy. I was looking up tickets to Tokyo from IAD. Economy was close to almost 3k (When it's normally 900-1300) and stayed that way all the way to the end of the available calendar. Guess the airline industry won't be getting my money till prices come down. 🤷♂
"A bad customer experience will ultimately land back on them" This. IMO though, price is part of customer experience. If I'm paying 3k for a flight, my mood is already going to be low, and my expectations are going to go up.
Jeez that’s a big price jump. Definitely enough to make one feisty.
exactly why im here. I go to tokyo from the states often and even just got back in december. I've never seen prices like this. I just wonder how long this will continue. It's difficult to spend 2x what you are accustomed to literally overnight.
Were planning a trip from JFK in NY to Tokyo for 3 years pre Pandamic. The price has gone up too high. The trip is planned for 2024 now. A year from now 2023.
For Schipol, the reason that the airport cannot recruit enough people is not related to the lack of individuals in the labour market, but rather the poor working conditions, especially for luggaged and security.
I remember that the secury staff was already complaining about it way back in 2018 and going on strikes. During Corona time, the situation was even worse for them (understaff + bad pay) so they intensified the strikes.
If the management of the airport really wanted to solve the issue, they wouldn't have a problem to find workers.
Much the same in UK -tough jobs, hard work, anti social hours etc and airlines pay so poorly then complain they can't get staff...
Amazing no one foresaw this, they all knew the big issue with such recruitment is 2x harder than usual given the need for extra security clearances, usually involves min 5+ years of consistent work history, citizenship & other checks. That rules out a lot of unemployed people for whatever reason who have gaps/convictions & migrants from other countries who usually take jobs locals shy away from such as these. Would've been cheaper to keep employees & furlough like other sectors during covid.
The conditions were probably not the best pre-pandemic given that Schiphol had the strategy to outsource most of it and therefor initiating a race to the bottom which ultimately affects the employees as they carry the burden of the low pricing.
However, the current issues are a continuous cycle of additional stress due to lack of staff. There is not enough people working so the people who are working get overburdened and will drop out, in a self-reinforcing cycle. You see the same with public transport in the Netherlands. NS has lack of train capacity and staff capacity, burdening the current staff and equipment still running. Most local transportation companies have staff shortages on the busses and trams.
i agree with you. However, once recession hits the workers will lose their bargaining power
also, a lot of people that worked at the airport were laid off or furloughed during the pandemic and they found jobs that paid the same or more without having to work those bad hours and they are not coming back.
Some airlines like American domestic have not reduced flights but have dramatically increased prices in some cases by more than 200%. I've flown the same route for 20 years and prices have been consistent, not any longer.
I've seen heavily reduced flights by every airline that lands in San Antonio. God it's so obvious. I used to be the guy who noticed every plane all the time. I spend all day working in the yard last week and only saw one flight depart.
I'm thinking they are raising prices to make up for lost ticket sales. Those plane payments don't stop because the passengers disappear.
How much you paid for domestic flights? I’m in shock how prices from 300~ went to almost 500~600 and the flight hours double -_- due to bad connection
This didn't just "happened". It was carefully planned. Hence why they're not backing down facing a potential collapse of the economy.
I told all my friends and family to enjoy the cheap tickets back in late 2020 early 2021 because they would raise prices later to make up for the losses.... and I was right.
A year and a half of losses approximately means don't really expect normal prices (plus inflation) until 2025
what happens in 2025?
@@dennisthemenace9133 Complete recession, and/or a global war. I'd be surprised if we have to wait until '25, to be honest.
Too bad in late 2020 & early 2021 my country's borders were still pretty restrictive
I jumped on that as well before the rise
What I have put in anytime any date anytime of day
Local prices in Europe are not that bad. We have lost the super cheap flights for short & medium haul, but in general you still find flights that are just 30-50% more expensive than last year. This is a sharp increase but not that bad. Mostly because most places in Europe can be reached via train and the short haul flights can't become 3x more expensive or people would just take the train and ignore the few extra hours saved by the flight.
o has your income risen 50% 🤣
@@geert574 Nope. But the flight prices did not jump up to 50% in general, usually around 30% or less. Stop taking popular routes during peak season and be happy.
The prices can be quite shocking. For my family to visit me, it costs them double or more than a couple of years ago (this is Europe, with Wizzair). For a lot of people it makes a big difference whether you pay 100 euro both ways, or 140 one way, and won't be able to afford it anymore. I suspect greed also plays a part and will be looking for alternatives - train, car.
I fly between UK and Poland, about 3-4 times in past 10 years. Usually EasyJet or Ryanair and gosh, the mental gymnastics I have to do to figure out prices/effort... I have to do this for each trip because even 3-4 months apart, it's all upside down. Flight schedule changes, like Friday flights was great, but it was gone on my next trip urhg. Baggage allowance/sizes change, I ended up purchasing soft 40l backpack because I was fed up with suitcase, best £25 ever spent. Then both departure and arrival airport vs time of flight also impact my ability to get to/from airports. Gatwick is nice, but Stansted doesn't connect well with my town so it's often 11pm - 6am wait at the airport. Then arrival, I can actually go via Germany, but not at night due to lack of buses, but then Polish airport has less frequent buses to my hometown and dsksdklkl we klwekl wekl wekl weklweklwek lwekl. Yep. When I was really tight on the money, I'd sometimes get 2 separate tickets and go to/from 4 different airports, and with all additional transport (bus/train/else) included, I could easily save £50.
Prices changed significantly as well, I'd often buy opportunistic £20 + £20 tickets (+£35 for other transport), but haven't seen those in last 6 years or so. All my trips since covid were more in the realms of £140+£35 total, and I was already picking cheapest flights in that month and flying unpopular days.
I studied logistics and transport at uni, but didn't end up working in the field, but damn, it's very helpful right now.
@@martam307 Speaking about budget airlines, I read of Scoot being called out once in HK by the former Apple Daily, over its ad saying that "sandwiches start from $15", but neglecting to say that its priced in SGD instead of HKD (S$15~HK$90)
As a frequent flyer, the cost of my usual tickets have almost doubled. That is simply unjustifyable. Inflation is only running at 10%, the cost of fuel keeps dropping week after week. It's not our fault that the airlines and airports panicked during covid, layed off thousands of staff and scrapped many aircraft. The net result is the lower paid in society will once again be priced out of travel, and the rich will just take it in their stride. I am considering stopping my travels altogether.
Our spring break tickets were the highest I've ever seen. 4 people from Detroit to Costa Rica $6750 with Spirit. Yet in early January, my wife flew round trip Detroit-Paris for $750 with Delta. So go figure.
Paying 7K for flights is why Americans are so deep in debt
I just paid $780 Houston to Dubai Delta/ Air France 3 weeks out.
Spring break…. Always high but off the charts now. Spirit of all lines too… $6750, 40lb checked bags for $63 bucks each, and not even a free soda!
@@ihmpall travel is not putting Americans in debt. A slew of other things are. Most poor people have never even been on a plane.
Schiphol had issues because they had terrible employee relations, poor pay and had treated their security staff terribly during COVID. Then when the traffic returned they couldn't recruit, while staff who had been laid off didn't want to return.
I was in the chaos of last September because of a trade show and it is going to hurt the confidence of some business travellers this year.
The biggest issue with higher prices is airlines are also losing luggage and cancelling flights in higher numbers and are difficult to communicate with. We are now paying what we used to pay for flights back in the 1970s, but at least in the 1970s the airlines had a better reputation of getting both you and your luggage there with a smile, the quality of service was overall better in the 70s.
I just got off an expensive United flight from Switzerland last weekend. We were at the airport hours ahead and had to run to get to the gate on time even with priority baggage check. Then they left one of my bags in Zürich, which they then delivered on Wednesday at 2:30 AM, waking me up with no warning. Oh, and it's also likely I caught COVID on the flight, which isn't super fun. I love to travel, but the flight experience has not been good.
The prices were also fixed there in the 1970s. This surge is more from a volatile mismatch of supply vs demand and is likely to come back down as both sides stabilize.
@@brianfulton-howard3602 For this reason I am spending a bit more money to get the overnight ferry by foot for a much more pleasant travel experience this Christmas (Britain to Ireland) - sleeping in a bed overnight, no limit on luggage, no rushing about, can walk, stretch my feet, treat myself to a nice dinner, watch a film and just generally relax, I'm actually looking forward to it now rather than the usual dread!
I'm from the Netherlands and last years the lines before security where crazy. Also the problems with the backpacks were crazy.
The part about Lufthansa makes so much sense. They've been terrible with cancellations and losing luggage left, right and centre for a while. They're staff has to fight for decent wages all the time. All the while their Premium Ec costs almost twice as much as Business Class on Etihad...smh. They need to be careful though, because every frequent flyer I know is already picking anything but LH when they book. It's just a matter of time before they have to deal with big image issues.
But can you explain why demand for Lufthansa flights, esp. for their North Atlantic routes, is still one of the highest in the entire industry? Most of their flights to the US and Canada for the summer months are already completely sold out.
And Lufthansa just anounced a 1.5 Billion € profit for 2022.
Despite the high costs and uncertainty caused by the war in Ukraine.
Lufhtansa cancelled my return flight home so I spent my last night in Italy trying to find a way back home because LH, United and Travelocity couldnt agree who was going to fly me home.
@@Schrottkralle I can only assume that they cancelled so many routes in that direction that demand feels higher, cause less available connections means more full flights. But that is just a guess. The profit is easy though - cutting back on staff expenses and cancelling flights, and selling premium eco tickets at horrendous prices...I can imagine that would make the wallet thicker.
Flew Premium Eco on LH to Dubai. If you tell me a ETIHAD business class flight that’s cheaper I’ll book it instantly.
I unintentionally spent a day in Frankfurt when all the systems failed recently, but honestly Lufthansa's terrible handling of that from a customer service point of view hasn't lowered my impression of them at all. Their planes are equipped with seats somehow less comfortable than those of Ryanair by a margin I wouldn't have thought possible, they have very organised boarding from the front only and disembark also from the front meaning it takes forever and a day to do either, and their prices are so ridiculously high not even the 10g chocolate they give you on board can make up for it.
I'm just glad I took advantage of the cheap prices last year. I managed to book a roundtrip between Madrid and Newark for only 200€. Felt like a steal lol
Yea same I bought multiple tickets between Kentucky and Los Angeles for $80 last year.
Unrelated but same here except it was cruises. When COVID hit cruises had to cancel their routes and most people cancelled their orders. I did not and a year later I enjoyed a comfortable cruise for half the price and commodities for free. People should learn to hold
@@filipkotowski9186 ...hodlgang!
I am kinda surprised to hear that though, because i still heard some comedians about doing cruise gigs, so i kinda assumed that things were sorta back to normal again, as nobody seems to focus on the cruise industry in the news.
Did you have a standup comedian on board?
damn that is too cheap
@@Games_and_Music tf you on about
Good explanation in that there is a mismatch in supply and demand in that supply takes a long time to catch up dur to manufacturing and training lag. But also for us working in airline revenue management, we are working hard to get max gain in order to fill the coffers again.
Correct, balancing the books.
I looked up the tail number of the aircraft I took in 2021 to FL, and I found after some digging that Southwest had retired the airframe! It was only 25 years old and as far as I could tell hadn't suffered any serious damage. I was a little surprised.
We're not really in times of recession, but more times of increasing inequality: The poor and middle class are getting squeezed hard, but the rich are mostly fine. This leads to a really wierd economic landscape, where many are struggling to afford the more expensive groceries, but also where luxury goods are selling fine. I think aviation will be fine for now as well. However, this general trend of everything getting more expensive isn't great, so I'm hoping we go back to normal soon.
So basically the part of aviation in the 1950's that we don't want: It's only for the well off.
_Back to normal_
My friend, there is no back to normal. This is the new normal.
@@osasunaitor Yep, you pretty much nailed it
@@osasunaitor Yeah new normal it is. Rising inequality and cost of living are mostly solvable, but the will to commit to that isn't there in much of the English-speaking world. I'd love for that to change, but I'm certainly not holding my breath.
A fully free market most rewards sociopaths and incumbents, and guarding against runaway concentration of wealth lies in regulation and "socialism". Unfortunately too many of us are "temporarily embarrassed billionaires" convinced to victim blame the little guy for "stupid choices" and advocate for even more libertarian policies, which ultimately don't reverse but instead amplify the consequences.
After a very affordable trip in February, I was searching for flights to Asia for the summer, and let's just say I won't be travelling anywhere anytime soon. Prices have tripled or quadrupled, which means either I have to take on more part-time jobs to pay for the inflated ticket prices, or my elderly relatives have to wait another year before they can see me.
BINGO! The climate cultists & Schwab Great Reset gang have won - stopping travel.
I just booked a flight today and it was really cheap. Montreal-Vancouver direct, Air Canada (not a cheap airline), $213 Canadian. 25 years ago, the same ticket was $800. I won't complain about today's prices! People are spoiled and have short memories.
Like I said, shopping around can maje a huge difference.
Good for you!
Yep - prices are up, and profits are up strongly, but some airlines are still resorting to 'sharp practise', in their dealing with customers.
Demand forecasting? Amused that the airports and airlines got it so wrong. Had they spoken to the consumers, they would have detected a strong urge to go flying again.
Interesting video.
I can't believe how stupid big companies and airlines were thinking that people wouldn't go travelling after the isolation restrictions were lifted. After being stuck in your home for months not being allowed to go anywhere with minimal travel, it would be common sense that pretty much everyone would be itching to go sonewhere and travel as soon as restrictions were lifted.
Companies stopped thinking, they just trying to match what their shareholders want
They did think about it, the problem is that they had not enough finance reserves to sit out the pandemic restrictions and eat those losses so they can restart strong after that.
They had to cut cost which now resulted in a bad starting position for various reasons. But believe me they knew that the demand will be even stronger than previously.
Actually with talk about "living with the virus" last time, I thought that since CoViD never seems to stop evolving, the pandemic-related restrictions would become permanent, & we would never be allowed to leave our countries forever. As such, our future generations would wonder why airports & aeroplanes ever existed
@@lzh4950 nah, viruses usually just evolve into something very transmissive, but not lethal or severe. There is logic to it: if it is not severe - higher chances people would spread it by going to work.
And getting one of variants is usually enough to get immunity from many variants.
Direct operating costs: Can you please do us a video on direct operating labor cost (i.e. pilots + attendants + luggage baggage-handlers) versus non labor cost (fuel + landing fees + airport fees + ATC) for flights of different length (1 hour, 3 hour and 12 hour)
I still am confused how they make any money at all, with their massive high altitude costs of technology they have. It's astronomic.
@@huwzebediahthomas9193 likewise, it is a strange business model, so many costs!
The planes in the USA were already full a year ago so they can’t get any more full. As you noted in other videos, the high number of hours required for new pilots in the USA means they can’t hire more pilots very quickly.
I have NordVPN. Airline web pages are inaccessible with any VPN. So the claim that you can get better prices with VPN is FALSE.
Hopefully trains will become more competitive now in Europe, where the is a reasonably good high speed train network.
I doubt that raising prices will work for the industry this year. I just heard on the news for Germany that while more people would like to go on holiday, they are actually thinking about saving money this year due to the steep price raises for the overall cost of living. So people will rather not be flying at all than pay higher prices. And, since the costs of living went up everywhere, I think that people in other countries might come to the same conclusion.
I fly most weekends with ULCCs in ASEAN region, and fares are exactly where they were pre-COVID. Still lots of empty seats and under-capacity airports.
Well, look at it this way: costlier tickets, fewer passengers, less airport congestion at the ticket counters and perhaps fewer flight cancellations.
Yep, pretty much
I think what you are doing here with such videos, talking about the business side in aviation, is sooo important to bring this closer to upcoming pilots, because like in all jobs you shouldn't know only stuff of exactly your work, but also get a GOOD common sense about the business side of your field that you understand developments in the futur pretty quickly and can addept or just understand your futur and where your job is integrated in: in the aviation business, which should interest you.
👍
(I didn't do this a young man in my field (house construction engineering) and payed the bill really badly when a new crisis and new developments ran over me unexpectedly)
The pandemic actually caused people's appetite for travel to go up, a not so subtle reminder that life is short and to maybe stop delaying those trips you've been wanting to take.
Yet younger generations get blamed exactly for living some life now instead of waiting to splurge later following a prosperous career that definitely doesn't seem so guaranteed anymore.
@@doujinflip this
As someone who lives on an island several timezones away from family, I really do hope that prices level out soon! But I'm relieved that the air travel industry didn't nose dive as expected. You mentioned 2022's struggles with airlines not having backup aircraft and crews in particular, and we definitely experiened that! We visited my family for the first time since the pandemic shutdowns started over Christmas 2021 and flew home in early January 2022. Our connection out of Toronto was the later of two identical flights for that day and the earlier flight was combined onto ours. We were still delayed several hours because at first they had neither an aircraft nor a crew for us, and then when we had an aircraft we still waited 3 hours for a crew. The poor airline representative trying to keep us informed at the gate wasn't even normally a gate agent, either, he was pulled from the customer service counter. Everyone waiting for that flight was sitting there just genuinely wondering what the original plan had been if this was the state of things with a combined flight.
I am flying to Lisbon in June with TAP(Air Portugal) and found the times and prices very good. I'm also flying wit them in October to Gran Canaria and again, good prices and good flight times. I have always found them very reliable, before, during and after the pandemic.
I have certainly become a regular with TAP
In Indonesia, ticket prices did go up pretty expensive back in late 2022 however the ticket prices did once again slowly reduced in January 2023 and another interesting fact is that Indonesia has at least 650 planes from all Indonesian airlines at the moment but that number could change because some airlines in Indonesia are reduced their fleets by 1 aircraft per month and it means scrapped for spare parts or return some planes back to lessor last year until now to reduce cost
While I did grow up loving aviation and still do, I'm really only here cause you're a great presenter who can talk eloquently about their subject :)
Same here, i'm mostly kinda into military vehicles and stuff, but i was entertained by his videos and i like learning new things (that i probably cannot apply in life, but still).
Thank you for your service
16:35 "Lufthansa is cancelling 34,00 flights" sounds like a lot, but how many were scheduled in the first place, and how many would they have normally cancelled during normal operations anyway? Airlines typically seem to sell tickets for a bunch ore flights on a given date, then cancel a ton of flights leading up to that date precisely so that the few planes they do fly will be packed absolutely full on the date of the flight.
For the last month I was watching prices for a Summer trip that I neede to take, and panicked when one of the middle price tiers I was ready for were sold out. I had to snap the highest price tier for economy quickly to secure a reservation. It's the highest I've ever seen even if adjusted to inflation. My mistake was to look at the price days later and found out the airline was selling a new batch of the middle price and I could have saved $500 if I didn't panic. 😅
Don't panic - always grabbed my ticket days before, even at the airline desk at the airport on the day. Just sort out visas in advance, if needed.
Well I thought my flights to Japan should've been higher. It went from 800 euros to 930~1000 euros. But due to the war in Ukraine, we cannot fly over Russia anymore. Making an 11h flight 18 hours! So I expected it to be way more expensive than it is now...
Reasons why I started to air travel off season for the past two years.
Similar story here. I have some flexibility in my schedule, so to keep from blowing my budget for a flight to Florida after Easter, I picked a redeye/overnight flight connecting at LAX, and then I chose a Friday evening flight home which turned out to be less expensive than a Saturday flight.
Pilot salaries are a small marginal cost to airline tickets. A pilot can fly two or three sectors per day, and if you paid them an extra , say, $20,000 per annum, the cost increase per seat-mile is basically peanuts. Compared to fuel, cost of the aircraft, maintenance, airport fees, admin, insurance etc. The crew don't really amount to much of the total cost of operation compared to all the other factors..
I wanted to book a flight to go back to Ukraine to see my father and sort out family stuff. The flight should’ve taken me from Washington DC to Warsaw, the other option was to fly to Kraków. My two options were either an $800 flight in which I would travel for pretty much 50 hours one-way or pay $4000 to fly with two transfers. Quickly I decided I will have to postpone the risky journey 💀
Holiday season with gas prices and Spring break with plane tickets. Nothing new it happens every year. I do hope you get to see your father soon.
@@sandmantk4901 definitely albeit 4000 for an economy ticket is a lot!
But I will see him soon 😄🤗 bought another ticket way ahead of time for a flight in 3 months! Thank you!
In some countries u can buy an apartment for $4000 🤔
The slow pace of airlines bringing back services is mostly responsible for the ticket price increase. And airlines have no rush to expand services again because they're making a killing at the moment, due to high prices. Limited supply, surging demand + high ticket prices. Airports are also partly responsible because they have not recruited sufficient staff, post-pandemic, to handle increased passenger numbers.
They raising prices because of greed and incompetence. Yah I refuse to pay 4x the pre pandemic ticket price. It’s a perfect storm of stupidity and customer will be forced to pay the price. It’s all a game and the consumer always loses.
It's sad that while there is a major pilot shortage, pilot training is incredibly expensive - people who are dreaming about this profession simply can't afford the studies
Airlines need to really up their entry-level OJT investment because the military pipeline is getting dismantled as drones take over the skies... and these skills don't exactly translate when the pilot has zero physical risk flying payloads considered acceptably disposable.
This is the time when we really start to see innovations. It’s incredibly obvious that we’re so close to capacity that we have no shock resistance anymore. I’m excited to see what could happen!
That's an interesting point!
Capacity means 380. I don't know, if they would bring the 747 back.
The unfortunate side effect of increasing efficiency is taking away from "unnecessary" resilience measures.
@@doujinflip exactly. that’s when you know you need an overhaul. And, unfortunately, it appears the poor overworked ground crew, cabin crew, pilots, and ATC are the ones really taking the shaft in this.
I really miss flying during the pandemic. It was glorious. Almost always the full row to myself, empty airports, 2 weeks of paid netflix on either side during quarantine... Now i'm constantly stuck on overcrowded airliners (who's bright idea was it to allow airlines to make 777s 10 abrest and 787s 9 abreast? It's inhumane.
Cattle class 😕😕 I'm not sorry that I don't travel.
I really don't. Visited 8 countries in 2021, felt like something from a movie. I'm happy paying more now, but seems like things are back to normal.
I’ve been flying on easyjet lately and I can say I haven’t noticed the price increase or flight decrease thankfully, but that’s probably because I’m flying on a highly competitive route with 6 flights daily, 3 of which are with easyjet
I've seen this with Easyjet too usually over priced but their slowly coming back into play, can only imagine their willing to take losses/less to grow market share again. Also huge marketing drive re their holidays, flex fares & loads of discounts
Supply vs demand. Not only that, but some airports only have 2 or 3 carriers which makes choices limited when you wish to fly to specific smaller destinations.
The prices in Ireland are more expensive than similar long-haul fights from even the U.K or mainland Europe.
Interesting I booked a flight in early January and it was a bit more expensive than usual but not considerably so. Far less than what prices were in later 2021. Fortunately I already don't like to fly in the summer as it's always more expensive.
Shortages feel like they're hitting every industry. Our local metro is suffering operator shortages and just today I had to deal with a crushing ride on a Saturday evening. When I was in San Francisco I noticed the same thing with a bunch of cancelled trains (I know people in that industry so it's not just assumption that it was about shortage). I know some of this is the layoffs from the pandemic but I have also seen another side which is a demand for better pay. These past few years have shaken up mindsets and got some people to actually demand some dignity in the face of rising costs of living. I can't fault them.
My parents went to Mexico 2 weeks ago and the one way tickets for the 2 of them was the most we have ever spent.
I mean an absurd amount of money...so this breakdown actually helps to see why. Thanks Petter and team!
Your parents should have just remained at home, rather than wasting money on air fares. Why go to Mexico? Is this trip really necessary?
@@YuChiGongG is your comment necessary? People have visas maybe the parents visit their children in other countries where they can only stay so many days a year.
@@paulshields2220 Let's please wait to see if all this projected growth in travel is truly sustainable. Air travel is, some say, predicted to double by 2030. Let's watch to see what the impact of this may be.
One of the best explanations of airline pricing that I have seen.
For all the reasons you mentioned in this episode I believe cancelling the 747 and 777 from service is the worst decision ever taken, especially in the light of this massive rebound in passengers numbers.
The mid-size craft of 240 passengers in the old market is now those crafts of 440 passengers in today's markets.
Don’t forget the discontinuation of the A380 as well. I really hope Airbus can consider restarting A380 production, at least in a limited capacity.
@@EonityLuna Airbus will not restart the A380 program. I do think the A350-1000 might be extended though. It is clearly in demand as the 1000, the largest aircraft in production secured a lot of new orders this year due to the sudden spike of bookings and passenger numbers. (34 from Air India, 23 from Qatar and 10 from Lufthansa).
@@EonityLuna They won't. The A380 was insanely unprofitable, and they announced the end of production in 2019, even before COVID happened.
@@EonityLuna Airbus is disassembling the production lines for wings. It's not coming back.
Those planes were not cancelled from service, both planes are still flying passengers. The Boeing 747's production was cancelled, however, and the delivery of the new 777 was delayed until 2025, which was due to factors outside of Boeing's control.
I imagine you're a Boeing fan, but it would be cool to see a show on what's happened at Boeing. It seems a lot of storm clouds have gathered around a historically solid company.
Just made a London-Kathmandu return trip and really noticed the price difference from before the pandemic. And all the 4 planes were COMPLETELY full. Even the A380.
the conditions surrounding it are complicated, but the basics are simple: the seller charges the price that allows maximum net profit. when demand exceeds supply, prices go up, when supply exceeds demand, prices go down. during the plague years, travel was more limited, so demand was down, planes were flying with empty seats, so airlines reduced prices in order to sell more tickets. now more people want to travel, so airlines can fill as many seats even with higher ticket prices.
Might be a bit of an error with the title there, Petter 💙
What did I miss
@@HYEOL Edit3
@@heidirabenau511 thanks
Great video as usual nicely explained straight to the point. I would be interested to have a video analyzing the impact that high speed train development will have on the aviation sector “especially low cost” in Europe in the coming future.
Very true that prices vary extremely between Airlines! I bought tickets from Asia to Europe for Easter and summer, both times Middle Eastern carriers and both times for 1200 Euro return, an incredible price! Other Airlines meanwhile charge at least 900 Euros for Economy tickets on the same route..
Also Russia has closed its sky to western companies which leads to longer routes and fuel/time consumption for some flights
First a big, big, big, big shout-out to all pilots and technicians in the world, there has not been a single crash because of the chaos during and the ramp up after pandemic.
I am a dual resident of Lebanon and the United States of America and I move frequently between the two. Tickets roundtrip used to cost me 1200$ maximum. Now, I was lucky, after 2 months of searching, to book a 1500$ ticket. It's crazily eerie how much ticket prices are going up
Everyone is saying this, but what they fail to realize is that they're only "exploding" for certain times, like summer and school break weeks. You can still get cheap tickets for this November and December before their respective holidays. Its just the NPC hive mind of "oh I can only travel in the summer." I went to Estonia in January for $500 roundtrip, and this upcoming week I'm going to Iceland for $280 roundtrip. Its all about booking at the right time and going at the right time.
I came to write the same comment word-for-word. Last minute international winter trips are still super cheap
What is the NPC hive mind? Also, it's easy to say "just travel at non-peak times" but not everyone can get vacation during those times, and you can't just pull kids out of school for two weeks in the middle of the year. Good for you that you're privileged enough to be able to travel when you want, but not everyone has that luxury.
Lots of factors subject to change daily.
@@amyparker9816 If you want to travel with kids, that’s the only exception. His point was that people follow the herd and travel in summer. Fall for example, provides better weather, lower prices, less crowds. There are very few jobs that will only let people take their vacation in the summer, but many people have this herd (hive?) FOMO mentality that since their friends are traveling in the summer, that they should too. This is great for all the people who don’t have this mentality. We benefit!
It's like going from Europe to Japan end of March or in April, you just won't get flights for cheap. Now, if viewing cherry blossoms is a skippable activity for someone, then 2nd week of May onwards will show you flight prices easily -30/40% down. Not to mention that anything in Japan during April goes silly in prices, especially hostels. And while mid May onwards might touch rainy season (depending how long you go and what region), the weather just above 20*C is much more agreeable for me, than the 8-18*C region. And I hate crowds or the fact you have to sort out hostels in advance or you just won't be able to find anything.
It's really worth looking shortly before or after the season to book holidays, and it does mean travel season for the country you go to AND the season when your own country goes for holidays abroad. Squeezing in the seasonal gaps has been a hobby of mine and I just love digging into those nuances when picking the next travel destination.
My upcoming flights to AMS were double from what they were 8 months ago. I call it greed.
There is now the problem large airlines need to purchase both Airbus and Boeing products because if they choose 1 manufacturer over the other it will take twice as long for deliveries to be completed. Douglas or Lockheed need to make a comeback to help ease the backlog.
News in Portugal today: "TAP has been trying to hire without success due to low salary offers"
Yep, as I’ve been saying.
Will they hire low time American pilots?
@@kazansky22- if the American pilots learn to speak English then maybe.
I would expect that the high price for tickets and also other products will make the demand go down again as holidays or business trips are getting too expensive and there are alternatives for both in most cases.
Its not working that way now.
@@NighthawkCarbine give it a minute. The prices WILL thin the herd eventually. Especially with how expensive things are getting. It’s only March, we’re not even half way through the year yet.
Here in the US, pandemic mandates had a significant impact on staffing. Vaccines were mandated for airline staff, regardless of whether they had natural immunity or not. Pilots especially took retirement or switched careers because they didn’t want to risk heart issues and ending up being permanently banned from piloting, if not worse.
So many things were catastrophically mishandled based on arbitrary, anti-science decision-making :-/
Show me an Airport, Airline, Hospital etc that says they cannot find Employees and I will most likely find that what they really mean is "We can't find people who want to work (for what we are offering to pay). It's been proven over and over that if they advertise an increased wage then they will have people lining up to work for them. That excuse is a total untruth.
Hey mentour! Enjoy the videos, keep it up!
Glad to have you here!
Aren't a lot, (Most?), airplanes owned by leasing companies? Can you explain how that works? Also, when you say airline X ordered a certain quantity of planes from B or AB, is that literally true?
Thanks for the channel. Truly enjoy it.
Buying an airline ticket these days is a bit of a scam ... additional costs for baggage, even basic in-flight entertainment, non-alcoholic drinks, and any charge they can come up with for everything where they can, with many being a surprise new cost when you've already committed to the ticket purchase! Then one has to fly in a packed aircraft with barely enough room to sit (but not move) for hours, with sultry aircrew only interested in selling you something! And, of course, before one even gets to the gate, one has to go through TSA and all their nonsense.
I've flown all over the world when doing so was fun and even exciting. Today, I avoid it like the plague - with all the time-expense involved (driving to airport, parking, shuttle, security, delays, overpriced airport "services", the flight itself, processing off, getting a car, finally getting to one's destination), I'd rather drive the whole way and save time, expense, and inconvenience ... or simply just not go at all.
Sorry, but kinda fed-up being treated like a piece of baggage by the airline industry as a whole.
But LOVE your videos! Interesting stuff.
I don't know. I just flew to London and back from a midwest US state a couple of weeks ago. Delta Comfort Plus upgrade for $1,200. Pretty much what I usually pay.
Edit 3😉
What is left unsaid is that airlines only survived due to public money subsidy.
When they can, they rise prices. When they can't, government gives them money. Moral hazard in full display.
Public money authorized by politicians voted in by the population.
People getting what they voted for.
@@JanBruunAndersen Yes... also left unsaid is that people are accesories to these problems
In South Africa, domestic flight prices have gone up by 300% in many cases. More people are opting for long distance bus travel. It's not good.
I'm waiting for edit4 to watch this video :P (j/k)
when is edit4 dropping?🔥
Hahaha
What I don’t like, is that prices tend to be higher if a direct route is chosen, instead of an indirect route, with even two changes of aircraft.
This means - the companies obviously are getting themselves huge margins, when they can make the public pay extra for the convenience of going direct, while this also means more emissions, because the passengers are lifted not once, but perhaps thrice to near 40000 ft, the indirect route is longer, plus the extra airport fees, still being more cheaper on the ticket price than going direct.
I just picked up return trips from Melbourne to Paris for $852 USD p/p in an Airbus 350-900 accruing 100% miles.
Then, of course, when high prices stop people from flying the prices will drop and the cycle will begin again. :D
Yep, that’s exactly right
I've been trying to heat my house up and wondered why it's 4 times more expensive than it was for the same period this year for the same period last year.
BRITISH GAS.! Its entire name screams Not Russian Gas.
I'm probably moaning in the wrong place but thought I might share my frustration because as soon as I red the title it reminded me.
PLUS.. I always though Nord Stream was VPN Traffic.?
😁
Why aren'T the British people constantly demonstrating and striking extremly and protesting in London against this and the NHS destruction? Why are you so calm?
Funny in the US gas prices are pretty normal for most states, but in California it's about 4x higher as well.
@@mattesrocket British Stoicism is real?
@@mattesrocket- I guess it is because the British have the government they voted for? What is the point of protesting against your own choice? Only the French do that.
@@mattesrocket Weeeeelllll.. I'm 54, full head of hair and not one grey one, well maybe 3.
1st one from bedroom tax costing all of my DLA Care component..
2nd one from the realisation that British gas isn't British..
3rd one from learning that a massive company can get away with false advertising..
In relation to "Why don't I complain somewhere".
That's because I burn out all of my keyboard warrior skills writing out amusing essays in comments on RUclips, Regularly adding numbered bullet points..
Rather than where I ought to direct these energies.
I've seen strikes and had to conclude where would striking get anyone.?
We had mines we had British Leyland and loads of other industries.. All now liquidated by the government because it's cheaper from overseas and the government where fed up of union ransom demands.
I hope we keep the NHS as I rely on it every month and many others do even more frequently.
But, unfortunately from what I've noticed from strike actions it seems the parliamentary types have dealt with strikes in a way that is more profitable to themselves. Even if only for the short term.
Exceptionally well done. A very comprehensive look into the situation we are in. Well balanced, well researched and, as usual, clearly delivered. Thanks!
It's very simple= Just stay home. If everyone skips "going on vacation" or "let's take the kids to see grandma" or "we need to see our customers", until prices are affordable. And until TSA goes the way of the Edsel. Get an extra battery pack and drive your Tesla.
There is also an increase in alternatives popping up in more places, like usually quiet train journeys honestly popping off over the past few months.
Can't imagine what the European HSR/rail networks has been like. I have seen screenshots of Amtrak website where almost every seat in the next few months having already been sold out.
Hoenstly fair, after the early stages of the pandemic people do want to just travel again 😄
After the HSR between Singapore & Kuala Lumpur was cancelled a few years back, 1 of my country's journalists proposed a 200km/h trolleybus running along the existing expressway between the 2 cities instead as a cheaper option, based on the Netherlands' SuperBus
Great video! Very informative.
Glad it was helpful!
I recently purchased a ticket to fly from Portland (PDX) to Tampa for mid-April. What would have bought me seats in First last year would only get me Coach this year. I had to get creative; since I am semi-retired I have some flexibility with my schedule, so I chose a redeye overnight flight during the week and and a return flight on a Friday evening. At least I was able to get better seats in Coach while still keeping the price reasonable.
I make the PDX-TPA trip quite frequently and have noticed the same issue! These prices are outrageous!
I'm just glad I grabbed my ticket for this summer back in February. The price has tripled since I got it, and it was already double what it usually cost pre-pandemic... :(
Probably corporate greed
Always is
Is this the final edit? or can we expect another?
Hahaha
You missed a major point. Many EU countries like Germany, Belgium and Netherlands implemented new "eco" taxes on airlines.
In netherlands they recently raised this even further to a staggering 28€ per ticket.
Was happening with the ticket airline prices you say. They are too high. It cost over $100 for a flight. That’s about a 4 Hour Drive from my house. The problem is the US need high-speed trains, at a fair price
thanks for the video
It just unfortunately makes Zoom and Teams just more horribly useful. Vacations are local and certain tourism industries will suffer.
We are seeing the opposite actually. High prices but still full flights.
@@MentourNow Dynamic pricing is designed for that exact purpose.
@@MentourNow We'll see how long that lasts, my family already stopped flying because they're priced out.
Offseason travel is the king here. And I am doing both. Local and longhaul vacation. I have been twice to the western USA in the past few years.