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That’s left people considering lengthy journeys with one or more stopovers, whereas before they might have flown direct. “We’re just in June, so it’s not like turning on the tap.”Ĭarriers also scaled down their networks during Covid, none more so than Cathay, which has been hemmed in by Hong Kong’s onerous travel and quarantine rules. The pinch is most acute in Asia, which was the slowest to ease restrictions, and as China, the biggest market in the region, remains essentially closed.Īfter navigating varied and changing government policies for the past two years, it will take time for airlines to rebuild fleets given that many restrictions only eased in May, said Subhas Menon, director general of the Association of Asia Pacific Airlines. That’s particularly true for giant aircraft like Airbus SE’s A380 superjumbos and Boeing Co.’s older 747-8s, as airlines turn to more fuel-efficient models like A350s and 787 Dreamliners. Increasingly, travelers are booking tickets months in advance as they’re worried about the cost of buying at the last minute, said David Mann, chief economist for Asia Pacific, Middle East and Africa at the institute.Ĭarriers are cautious about bringing back all their idled jets, even though most countries have eased cross-border restrictions. “It’s really amazing that an economy seat ticket would cost you so much.”Ī Mastercard Economics Institute study found the cost of flying from Singapore was on average 27% higher in April than in 2019, while flights from Australia were 20% more. That used to cost about S$2,000, she said. Her company paid S$5,000 ($3632) for a colleague’s return trip with Singapore Airlines Ltd.
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“Ticket prices are really expensive these days,” said Jacqueline Khoo, who works in tourism. Direct flights between New York and London around the same time cost more than $2,000 in economy. in late June turn up prices as high as HK$42,051 ($5,360), which is more than five times the typical cost before the pandemic. Searches for a return economy-class ticket between Hong Kong and London on Cathay Pacific Airways Ltd. Best time to book recommendation is based on average round-trip ticket prices for January through August for 2021 & average round-trip ticket prices for January through December for 2020, sourced from ARC's global airline sales database.The trend is across geographies, though some places are more squeezed than others. Best month to depart recommendation is based on average round-trip ticket prices for January through December for 2020, sourced from ARC's global airline sales database. Best day of the week to book and best day of the week to depart is based on average round-trip ticket prices for January through August for 2021, sourced from ARC’s global airline sales database. While it’s impossible to guarantee when to find the lowest prices, after examining the variables, we were able to observe trends. *Data specialists from both ARC and Expedia Group analyzed ARC’s global flight data to distil actionable information to help people save money on travel. Membership is free, and joining only takes a few minutes. Expedia Rewards members also earn points for every eligible purchase that can be put towards subsequent bookings for additional savings. Booking more than one aspect of your holiday at a time can lead to some serious potential savings. Of course, flights are only a portion of what Expedia can offer, as we additionally help with hotels, car hires and even activities in certain destinations. Booking with Expedia makes the flight-finding process easy, thanks to the vast inventory of flights to everywhere and an array of convenient search filters.