07 Dec 2023

Airfares set to flatten on key routes says Amex GBT


American Express Global Business Travel has published its annual Air Monitor 2024, predicting a stabilisation of fares on key business travel routes and a broad outlook of increased price stability.

Dan Beauchamp, head of consulting at Amex GBT said of the predictions: “While the expected softening of fare rises is good news for our customers, sourcing for corporate travel programmes remains a challenging environment.”

The report shows airfares within Europe are projected to rise by around 1 per cent overall but offers regional predictions too.

Airfares between Europe and the Middle East are expected to fall 3.5 per cent in business class and 2.8 per cent in economy.

Between Europe and North America fares will increase a little in business class, by 0.3 per cent, but fall by 2.5 per cent in economy.

Between Europe and South America business class fares look set to fall 3.9 per cent and by 10.4 per cent in economy.

Airfares between Europe and Africa are set to increase by 1.2 per cent in business class and by 1.9 per cent in economy.

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Source: Business Travel News Europe

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