{"id":1654468,"date":"2022-09-23T07:23:18","date_gmt":"2022-09-23T11:23:18","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1654468"},"modified":"2022-09-23T07:23:28","modified_gmt":"2022-09-23T11:23:28","slug":"airline-ticket-prices-may-increase-aviation-executives-warn","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/airline-ticket-prices-may-increase-aviation-executives-warn\/","title":{"rendered":"Airline Ticket Prices May Increase, Aviation Executives Warn"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fairline-ticket-prices-may-increase-aviation-executives-warn%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1654468&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Air travelers are facing more expensive airline tickets due to insufficient jet fuel production, which has dramatically raised costs for airline operations.<\/p>\n<p>Ticket <a href=\"https:\/\/www.theepochtimes.com\/t-prices\">prices<\/a> for flights have risen 25 percent this year, the biggest annual jump since 1989.<\/p>\n<p>Airlines have not made much of a profit from higher ticket prices, however, due to rising operational costs being passed down to the consumer.<\/p>\n<p>A combination of a rise in post-pandemic travel demand, coupled with airlines with 15 percent less capacity\u00a0than in 2019, led to less available seats on flights.<\/p>\n<p>Airlines and airports have drastically reduced their staff of pilots and support crews over the last two years, leaving them\u00a0with\u00a0personnel shortages\u00a0and\u00a0flight cancellations after restrictions were lifted.<\/p>\n<p>This was on top of airline industry\u2019s already existing debts, which were high well before the pandemic, leading to additional price spikes.<\/p>\n<p>Meanwhile, continued labor shortages and supply-chain issues are also having an affect on airfare prices because they\u2019re reducing the capacity for maintenance, repair, and overhaul.<\/p>\n<p>This has made it harder for airlines and lessors to return airplanes grounded during the pandemic, as demand for available aircraft rebounds faster than they can be made available.<\/p>\n<p>\u201cAnd given the financial state of many airlines \u2026 It\u2019s not that airlines are making money, [they] are just passing on a cost that they can\u2019t absorb themselves and that they can\u2019t avoid,\u201d\u00a0said William Walsh, the director-general of the International Air Transport Association (IATA) in an interview with <a href=\"https:\/\/www.cnbc.com\/2022\/09\/22\/airline-tickets-could-become-even-more-expensive-aviation-execs-warn.html\">CNBC on Sept. 21.<\/a><\/p>\n<h3>Green Energy Hits Aviation Reality<\/h3>\n<p>Walsh also said that a drop in refining capacity during the pandemic and an increase in demand for fuel are another major concerns for the airline industry.<\/p>\n<p>Refining capacity in the United States tumbled by 5.4 percent this year since from its peak 2019 during the Trump administration, the lowest in eight years.<\/p>\n<p>The decline in fuel production came after several refineries shut down and after major pressure by the Biden administration to convert jet fuel plants toward producing more renewable alternatives.<\/p>\n<p>However, the IATA director is largely on board with President Biden\u2019s eco-friendly plan to boost investment in the production of sustainable aviation fuel rather than expanding traditional refineries.<\/p>\n<p>\u201cSustainable aviation fuels do represent the best option that the industry has to achieve our target of net zero by 2050,\u201d said Walsh.<\/p>\n<p>The IATA <a href=\"https:\/\/www.iata.org\/en\/pressroom\/2021-releases\/2021-10-04-03\/\">announced its sustainable energy goal in October 2021<\/a> for the world\u2019s airline industry to\u00a0achieve \u201cnet-zero\u201d carbon emissions\u00a0by 2050.<\/p>\n<p>\u201cThe world\u2019s airlines have taken a momentous decision to ensure that flying is sustainable. The post-COVID-19 reconnect will be on a clear path toward net zero,\u201d commented Walsh on the organization\u2019s website.<\/p>\n<p>\u201cWith the collective efforts of the entire value chain and supportive government policies, aviation will achieve net zero emissions by 2050.\u201d<\/p>\n<p>Not all aviation executives, however, are fully on board with the airline association\u2019s global sustainability vision.<\/p>\n<p>\u201cIf we are pushed to do that, you as a passenger are going to pay for it,\u201d Qatar Airways CEO Akbar Al-Baker told CNBC.<\/p>\n<p>\u201cI have no issue [paying] a bit more, but they cannot pay four or five times the price of a normal F-gas,\u201d he said, in reference to industrial fluorinated gas, commonly used in air refrigeration.<\/p>\n<p>The airline CEO did not totally oppose further investments in alternative fuel, and said that he actually supports it.<\/p>\n<p>He told CNBC that Qatar Airlines is \u201cready to invest in sustainable aviation fuel,\u201d on the condition that it is \u201creasonably priced.\u201d<\/p>\n<p>Others are also hesitant regarding the push for sustainable aviation fuel on the industry.<\/p>\n<p>\u201cAs things stand, three times more expensive for those using used recycled oils, five times more expensive for biomass, and five to ten times more expensive for synthetic fuels,\u201d Jean-Baptiste Djebbari, France\u2019s transport minister, <a href=\"https:\/\/www.france24.com\/en\/live-news\/20211022-flying-green-will-be-more-expensive\">told\u00a0Agence France-Presse.<\/a><\/p>\n<p>Djebbari said that flight prices could rise \u201cin the short term\u201d due to the energy shortages.<\/p>\n<h3>Russia and the Future of Airline Travel<\/h3>\n<p>Another factor that may contribute to even higher ticket prices, according to Al-Baker, is the escalation of the conflict between Russia and Ukraine.<\/p>\n<p>Russian President Vladimir Putin announced a partial military mobilization of Russia\u2019s armed forces on Sept. 21, putting the country and its economy on a wartime footing by <em>diktat<\/em>.<\/p>\n<p>Airfares had already surged 18.6 percent in April after the conflict in Ukraine began, according to the\u00a0<a href=\"https:\/\/www.bls.gov\/news.release\/pdf\/cpi.pdf\" target=\"_blank\" rel=\"noopener\">Bureau of Labor Statistics<\/a>.<\/p>\n<p>Many airlines are troubled about this escalation in the conflict, due to the\u00a0danger to already tight energy supplies and as a major disruption to flight plans.<\/p>\n<p>\u201cFor me, the biggest worry is the conflict spreading, which [will then] fuel inflation, putting more pressure on the supply chain,\u201d said the airline CEO to CNBC and that\u00a0China\u2019s lockdowns are the \u201csmallest of [his] worries.\u201d<\/p>\n<p>\u201cThe net result will be less passengers in my aeroplane,\u201d he said, but that \u201cit also worries me \u2026 the [instability] of the oil price, which I don\u2019t want to pass to the passengers, which will then discourage them from travelling.\u201d<\/p>\n<div class=\"group\">\n<div class=\"group\">\n<p>Oil prices rose more than 2 percent after the Russian president announced the mobilization, due to fears that he conflict will get out of hand.<\/p>\n<p>Al-Baker told CNBC that his airline will still fly to Russia as long as it is operationally safe to do so.<\/p>\n<p>\u201cWe will continue to fly to Russia. We will continue to serve the people \u2026 We are not a political institution. We are an industry that serves the common people,\u201d he said.<\/p>\n<\/div>\n<\/div>\n<div class=\"author_wrapper\">\n<div class=\"one_author_block round\">\n<div class=\"top_row\">\n\t\t\t\t\t<a href=\"https:\/\/www.theepochtimes.com\/author-bryan-jung\"><\/a><\/p>\n<p>Follow<\/p>\n<\/div>\n<p>Bryan S. Jung is a native and resident of New York City with a background in politics and the legal industry. He graduated from Binghamton University.\n<\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Air travelers are facing more expensive airline tickets due to insufficient jet fuel production, which has dramatically raised costs for airline operations.Ticket prices for flights have risen 25 percent this<\/p>\n","protected":false},"author":1,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1654468","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1654468","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1654468"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1654468\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1654468"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1654468"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1654468"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}