Airline ticket prices set to climb
Airline ticket prices set to climb
Tuesday 12th August 2008
Research conducted by travel company OAG found that from October this year, one in 14 of the world's airline seats will be axed.
This reduced availability, coupled with soaring fuel prices being faced by airlines, is set to drive prices up for existing flights by around four per cent.
OAG calculates that this would result in a family of four paying an extra £150 for a long-haul return flight to Orlando in Florida.
Meanwhile, return tickets also for a four-person family to Los Angeles and New York would rise in price by £60 and £48 respectively.
The higher cost of travelling abroad combined with higher repayments on mortgage and credit card debt is believed to be forcing millions of consumers to abandon plans to travel abroad this year in favour of cheaper breaks within the UK.
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