Source: International Business Times
Airfares are unlikely to ease anytime soon as strong travel demand, limited airline capacity, and rising costs continue to keep ticket prices elevated, according to industry bodies, analysts, and multiple news reports. ingAccording to the International Air Transport Association (IATA), global passenger demand remains robust, with airlines operating at high load factors across regions. IATA data shows that flights are largely full, reducing the need for airlines to lower fares.
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