A senior European airport executive has called on regulators to scrutinise the cost of air fares following a surge in ticket prices this year.
Olivier Jankovec, director-general of airport trade body ACI Europe, said ticket prices had risen 30 per cent year-on-year in Europe and regulators should “monitor the level of air fares, and check whether there is no abuse of pricing power”.
Ticket prices have shot up despite the weak economic backdrop thanks to a combination of huge demand since the end of pandemic restrictions and a shortage of aircraft.
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