Why are flights so expensive in 2023

Answer

Flight prices in 2023 are expected to be more expensive due to post-pandemic demand and low airline inventories, according to industry experts[2]. Following travel restrictions due to the coronavirus pandemic, there has been an increase in the number of people planning trips abroad in 2023, which has resulted in airlines having less inventory available and therefore raising their prices[1]. Additionally, travelers tend to prefer to depart on Sundays and Mondays, which causes the demand for flights on those days to be higher, allowing airlines to charge more for their fares[2].

In 2023, economy class fare for flights within Europe are expected to rise by 5[9].5% while business class fares will rise by 6.0%[7].

This is even more pronounced in North American regional flights, which are expected to increase 3[2].4% in business class and 2.9% in economy class[2].

While it is uncertain if flight prices will go down in 2023 due to the ongoing impact of the covid-19 pandemic, one way to potentially save on flights is to break a trip into multiple legs and fly different airlines[1]. For example, one traveler managed to save on their flight by flying on Southwest, Alaska, and Delta, which was cheaper than booking with a single airline[9]. Furthermore, if you are looking to reduce spending on flights, you may want to consider non-flight travel like exploring the best new European train routes that are launching in 2023 and 2024[2].

Websites

1. https://www.travelinglifestyle.net/this-is-how-much-flight-prices-increase-in-2023/
2. https://www.traveloffpath.com/heres-how-much-you-should-expect-to-pay-for-flights-in-2023/
3. https://thriftytraveler.com/news/travel/travel-predictions-2023/
4. https://www.frommers.com/tips/airfare/4-tips-for-finding-cheaper-airfare-in-2023
5. https://www.yahoo.com/now/travel-predictions-2023-13-things-171323470.html
6. https://www.euronews.com/travel/2023/01/22/summer-prices-are-soaring-heres-how-to-book-a-cheap-holiday-in-2023
7. https://clark.com/travel/when-will-airfare-prices-drop/
8. https://simpleflying.com/2023-travel-booking-guide/
9. https://en.as.com/latest_news/will-flight-prices-go-up-or-down-in-2023-according-to-experts-n/

Relevant Images

Below are images relevant to your question