European regulators are asked to deal with the increase in airfare
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Airports Council International Europe (ACI Europe) CEO Olivier Jankovic demanded that the EU authorities deal with the sharp increase in airfare and take appropriate measures if necessary. According to him, air travel prices in Europe have skyrocketed by almost 30% compared to last year.
“Regulators need to pay attention to prices and check if there are any abuses here,” Yankovik is quoted as saying. The Financial Times.
The CEO of ACI Europe emphasizes that this is not about artificially limiting prices or setting some kind of ceiling. However, he thinks it’s fair to ask why there are limits on ground handling rates for many major airports, while airlines can set ticket prices without limits.
In turn, airline representatives do not agree with this vision of the situation. In response to Yankovik’s claims, the airline association Airlines for Europe, which represents companies such as easyJet, Ryanair and British Airways, said the competition between them is helping drive down airfare by “providing affordable travel for millions of European consumers.” “In turn, airports, especially the largest ones, still function as monopolies. This necessitates constant oversight by regulators,” the FT quoted the response from Airlines for Europe as saying.
Airline prices in Europe have risen due to increased seasonal demand and a shortage of aircraft in the wake of the COVID-19 pandemic, according to a number of analysts.
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