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Another airline reduces summer tickets – causing HUGE flight price hikes | The Sun

07/13/2022

FLIGHT prices are set to soar this summer as airlines continue to cancel flights.

Airports across Europe have been embroiled in chaos already this year, with demand for holidays much greater than providers can cope with.

German airline Lufthansa is the latest to announce restricted ticket sales, as they look to provide a more stable service throughout July.

Last month they cancelled 3,100 flights altogether, blaming staffing issues.

The airline is now planning to cut back services again this month, with reduced staff numbers still a problem.

The new restrictions will mainly affect flights from Frankfurt and Munich, but will also have an effect on the prices of flights, which are already soaring.

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Competition to claim seats on planes has grown due to cancellations, which is one of the reasons ticket prices are climbing.

The price of the cheapest return flights between London and Frankfurt is now up to €1,000, according to Bloomberg.

Air travel bosses warned last week that oil prices will have an effect on prices as well.

International Air Transport Association's Willie Walsh said that flying "will be more expensive for consumers, without doubt".

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He told the BBC's Sunday Morning: "Flights are getting more expensive because of the high price of oil and it has been clear to everybody that will be reflected in higher ticket prices."

According to a report in Reuters, Christoph Carnier, president of the Association of German Travel Management, has also expressed his concern at the rise in travel costs.

He warned the price increases were having a knock-on effect on other areas of the travel industry.

He said: “It is currently impossible to assess how great the damage caused by the flight cancellations, delays and chaos at the airports is for the business travel industry.

“What we are seeing right now, in addition to the chaos at the airports, are significantly rising prices in everything from rail to rental cars to lodging.

"These are well above the pre-crisis level from 2019, so the cost of business travel will rise extremely in 2022, even if the number of trips is still below the pre-crisis level.”