American Express Global Business Travel

Fare levels should remain stable on many of the world’s major air routes this year according to the latest forecast in the Air Monitor 2019, published by American Express Global Business Travel (GBT).

On trends in the UK and Europe, GBT says demand for flights is outpacing capacity while airlines are renewing aircraft to improve efficiency. As a result, flights from the UK and Europe are likely to increase across the board “but only by around 2%”.

Elsewhere, GBT says, capacity and growing competition, including new low-cost carriers on long-haul routes, are likely to restrain fare rises on key routes from Europe and Asia-Pacific.

Exceptions to the projection of stable air fares include demand growth in premium classes across North America, which is forecast to outstrip capacity growth, meaning buyers could see significant rises on these fares within the region and to Europe.

In contrast, fares to Middle East destinations are forecast to fall from all regions in both Business and Economy classes. Overcapacity on Middle Eastern routes is the chief factor in this.

The Air Monitor 2019 is the latest in a regular series from GBT to help business travel buyers. The next edition, on ground transport, will be published later this year.

www.amexglobalbusinesstravel.com

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