Airfares Are Up 20%, Demand Is Strong. Even Airline CEOs Are Surprised.

WestJet CEO: Higher Fares Not Dampening Demand

WestJet CEO Alexis von Hoensbroech Airfares continue to rise globally as international conflict pushes fuel costs ever higher, but so far, airlines report demand remains strong. Speaking at the IATA summit in Rio de Janeiro, WestJet CEO Alexis von Hoensbroech said the airline hasn’t seen demand decrease, even as fares steadily rise. “We were expecting that the higher airfares would lead to lower demand, but we don’t see it,” reported the online …

Airfares Are Up 20%, Demand Is Strong. Even Airline CEOs Are Surprised.

Skift Take: Airlines across the world have been cutting capacity and raising airfares to keep up with higher fuel costs. But even as travel is becoming more expensive, consumers still want to spend. Read the Complete Story On Skift