News
Eid Travel Rush and Rising Fuel Costs Cause Air Fares to Surge
Air fares have risen sharply for both domestic and international travel during Eidul Fitr. The increase is attributed to high seasonal demand in conjunction with a rise in jet fuel prices.
Following Eidul Fitr, air fares increased significantly, according to aviation sources. Domestic fares were up 15% to 20% compared to pre-Eid rates. Some passengers bought tickets costing up to 30% more than usual. Increased operating costs due to rising jet fuel prices are contributing to the higher fares. Since late February, jet fuel costs in Europe have doubled and in Asia have increased almost 80% following US and Israeli strikes on Iran. Fuel is typically aviation's second-largest expense after labour.
Key Facts
- Air fares rose amid Eid travel rush and rising fuel costs.
- Domestic fares rose 15%–20% compared to pre-Eid rates.
- Some passengers paid up to 30% more for tickets.
- Jet fuel prices have increased sharply since late February.
- European jet fuel prices have doubled; Asian prices are up almost 80%.
- Foreign airlines increased flights on Middle East routes.
- Airlines sought to facilitate the return of Pakistani nationals from Gulf countries.
- Inbound international travel increased as Pakistanis returned home for Eid.
Primary Source
Research Sources
- The Express Tribune — Eidul Fitr: Air fares surge amid travel rush and rising fuel costs