Bad news for the inveterate Thailand visitors who are looking for a cheap flight ticket to Bangkok. Analysts and experts expect the cost of flying to rise further in the course of 2011. Price increases of up to 30% are taken into account for an economy class flight ticket.
This is mainly due to the oil price, which, apart from a dip in March, has risen sharply this year. Advito, provider of consultancy services in the field of business travel, writes this in a press release.
The forecasts of the International Monetary Fund (IMF) show that a “double-dip” crisis has been avoided. Global economic growth for 2011 is estimated at 4,4 percent. IMF has restored its forecast for oil price per barrel in April from $90 per barrel to $107,16 per barrel. An increase of almost 20%. Airlines are responding to this by increasing their ticket prices and charging an additional fuel surcharge.
Airfare price increases of up to 30%
The consequences of this are felt most strongly on intercontinental flights, where the price for a ticket in business class can increase by 12 percent and in economy class by as much as 30 percent. In addition, the effects of the increasing number of alliances, acquisitions and joint ventures between airlines are expected to be felt in 2011.
Prices of hotels are also going up
Forecasts for the hotel sector remain in line with previous expectations. While all major markets and cities will experience price increases, the largest increases are expected in Latin America and Asia.
Fortunately, the economic law of supply and demand also works here. If the airlines do not lose the expensive tickets, they only have the choice between flying army or lowering the price of the tickets. Less maintenance is not considered here. Yield management ensures that prices respond quickly to demand.
@ Hans, there is still 1 option: cancel flights ;-(
@hans,
Hello Hans, did you study economics or something, I'm honestly curious about?
Does the economic law of supply and demand always work?
And about your comment about less maintenance: Do you really think that renowned airlines such as Singapore, Quantas, KLM, Emirates, Thai airw, Air Berlin (Read: Lufthansa) etc. cut back on safety, if you think that then you really don't know what the situation is. Rule 1 in aviation: everything at the expense of passenger safety (of course there are plenty of airlines who don't care) But they will also be blacklisted and airports will ban them from landing!!!!!And if it turns out that the “big” companies have been guilty of poor maintenance? What do you think the damage will be? in terms of occupation and compensation. Can only be the end of the airline before confidence is regained!
Does economics as a secondary subject in my doctoral phase in political sciences count? I did not say that airlines cut back on safety, but on maintenance. And I obviously disregarded that, right?
A German expert once wrote the book 'Runter kommen Sie immer'. In it he describes safety as a rubber band that you can stretch very far. Until it breaks…
The blacklist is a matter for the European Community. This not only includes airlines that do not take safety very seriously, but also if they do not observe certain maintenance procedures.
And Air Berlin has nothing to do with Lufthansa. The long haul division operated under the name LTU, but was taken over by Air Berlin a few years ago. I'll spare you the details. Finally, I can tell you that the memory of the average tourist is not very good. After an aircraft disaster, demand drops, only to return to the old level after a few months. You can find lists on the internet of the airlines that have lost the most aircraft…
That seems logical, but it is not when it comes to scheduled flights. It is true that China Airlines and EVA have the patent for this on the AMS-BKK route during the quiet season, but canceling flights can lead to substantial claims for damages from passengers. Scheduled airlines have a transport obligation. They can only get out of this in case of force majeure.
China and EVA sometimes cancel a flight. This is allowed within certain limits (of course not if you are already at Schiphol)
But it is quite a bit of figuring out what is still possible and what is not within legal frameworks, and this applies in particular to the return flight.
They will probably accept the single passenger who is going to litigate.
That's just the way it is. Being right and being right are two different things.
I had an open return for eva air for ams to bkk, when i called early end of april i got 7 datas for expired flights end of april may
Still, I'm not that afraid of it. We, but also the travel industry will continue to look for cheaper alternatives, because this is not good for the travel industry either.
It is not for nothing that 333Travel, BMair and Greenwoodtravel offer cheap flights with Royal Jordanien.
And it seems that next year a Low-Cost subsidiary of Singapore Airlines will fly cheaply to Asia!!
Let's stay optimistic.
Perhaps the Middle East will calm down and OPEC will increase production.
Lo and behold: barrel sells for $60.
Otherwise… whether I have to pay €800 or €1100 (I almost always fly KLM) it is still a lot of money in both cases, but it is not the end of my Thailand adventure. Then I just stay there a little longer. The extra ticket costs per day are not too bad 🙂
Hi everybody….
Everything that is said is always true.
Of course, safety is and is number 1, but if there is a lack of time, they really do skip a check. Only the necessary is checked, on departure as always. If it indicates a malfunction, the technical team will come and try to fix it, if it doesn't work...yes, then you already know what to expect...wait...delay...or even wait until a new plane is sent. Emirates is also making good progress!!! Service that you say to. And the price is great. In September you have a price of 675 euros and depending on the day you fly, otherwise you have a ticket of 795 euros. So a really good price and service with a pencil, and believe me I have flown many times. There is something everywhere!!