FlySafair expects cheaper air ticket prices for South Africans in 2023, but warns the unstable rand remains a significant risk.
Flight tickets are expected to be noticeably cheaper in South Africa heading into the festive season, but the aviation industry remains vulnerable to rocky macroeconomic factors.
This resulted in a massive mismatch in demand and supply, which caused notable upward pressure on ticket prices, as seat availability was severely constrained. A notable factor aiding the increase in seat capacity was the introduction of Lift into the market, which brought the number of airline companies back to five, he said.
While these factors are all important, the primary exposure underpinning the impact of both oil prices and maintenance on the airline industry is the strength of the rand.
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