Repeat of 2022's 'Air Travel Hell' in Summer 2023?, Sydney to London Route Set to Break Flight Duration Records, and More
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Potential for Repeat of 2022's 'Air Travel Hell' in Summer 2023
As the summer travel season approaches, concerns are mounting over a potential repeat of 2022's issues with high airfares, frequent cancellations, and an aviation industry unable to meet demand.
The recent North America Airline Satisfaction Study by J.D. Power reported a significant decrease in customer satisfaction for the second year running, largely due to rising costs. While airlines are seeing economic benefits, this appears to be negatively impacting customer satisfaction.
The upcoming summer may see strong travel demand, but industry underfunding and understaffing could lead to significant customer frustrations. source
Troubles for Aircraft Lessors Could Lead to Higher Airfares in India
Airfare prices in India may see a significant increase due to financial difficulties faced by aircraft lessors.
Following an incident with the Go First airline, leasing costs could surge by 20-25% for startup and financially unstable Indian carriers. The issue may result in an overall cost increase of 2-3%, which will be reflected in ticket prices.
Only carriers such as IndiGo and Tata Group's Air India, being 'good credit for lessors', might avoid this rise. Industry insiders fear that lessors will rush to repossess their aircraft at the first sign of trouble to avoid deregistration issues. source
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