The cost of passenger air travel in South Africa has increased by almost 50% over the last 12 months as pent-up demand and the closure of several domestic routes add pressure on the market.
Consumer Price Inflation data published by Statistics South Africa on Wednesday , shows passenger transport by air increased by 49.5% between May 2021 and May 2022 – one of the single biggest increases recorded by the statistics body over the period.
On 9 June, the airline’s business rescue practitioners said it failed to secure the necessary funding to pull it out of financial straits, and there is no longer any reasonable prospect that the company can be rescued. SA Flyer editor Guy Leitch said that the loss of Comair could lead to ticket price increases of as much asHe added that airlines operate on a dynamic seat pricing and structure their prices according to the demand – leading to price changes literally minute by minute.
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