PanamaTimes

Friday, Jul 26, 2024

Flights will be more expensive, says IATA's Willie Walsh

Flights will be more expensive, says IATA's Willie Walsh

The price of airline tickets will go up "without doubt" as fuel costs rise, an air industry boss has warned.

Oil prices have jumped as economies recover from the Covid pandemic and due to the war in Ukraine.

These costs will be passed on to consumers, Willie Walsh, director general of the International Air Transport Association (IATA), said.

The ex-British Airways boss also said Heathrow Airport "should have prepared better" to avoid recent disruption.

But Heathrow said Mr Walsh's comments were "ill-informed".

Holidaymakers need to be prepared for the cost of flights to go up, Mr Walsh told the BBC Sunday Morning programme.

"Flying will be more expensive for consumers, without doubt", he said, adding that the "high price of oil" will be "reflected in higher ticket prices".

Oil prices were already rising as demand picked up again in economies that had started recovering from the Covid pandemic.

The fallout from the war in Ukraine has pushed prices up further. The US has announced a complete ban on oil imports from Russia, with the UK is to phase out Russian supplies by the end of the year.

European Union leaders have said they will block most Russian oil imports by the end of 2022.

This means demand for oil from other producers has increased, leading to higher prices.

Mr Walsh said fuel prices were at record highs, and that "oil is the single biggest element of an airline's cost base".

"It's inevitable that ultimately the high oil prices will be passed through to consumers in higher ticket prices."


Travel woes


Alongside ticket price rises, UK airline passengers have had to deal with flight cancellations amid major disruption at some airports, including at Heathrow, Gatwick and Manchester.

Mr Walsh said passengers whose flights are cancelled may not have to pay more to rebook.

Willie Walsh headed up BA's parent company IAG before becoming the boss of IATA


But he said airports which "cannot cope" should adjust their schedules now, "so that they can accommodate as many people as possible".

He singled out Heathrow in particular which has had problems recently with aircraft fuelling and its baggage system.

"Heathrow definitely should have prepared better," Mr Walsh said.

"They were arguing that airlines should be operating at least 80% of their slots through the summer period.

"They clearly did not provide sufficient resources to deal with that level of activity, so you would have to be critical of Heathrow."

Mr Walsh admitted that many of the issues affecting airlines and airports were caused by staffing problems, but said he had "no regrets" about making deep cuts to British Airways' headcount during the pandemic, when he was the boss of the airline.

Heathrow Airport hit back at Mr Walsh's comments on Sunday.

"Aviation is under considerable pressure as demand ramps up - at Heathrow we've faced 40 years of growth in just four months - and what we need is collaborative working and investment in services to protect passengers, not ill-informed comments from retired airline bosses seeking to justify their own bonuses," said a Heathrow spokesperson.

"Unlike Mr Walsh, our overriding concern is not a blame game or abdication of responsibility, but what is in passengers' best interest."

The spokesperson added that Heathrow had requested that airlines "limit demand in line with capacity and this has enabled the vast majority of travellers to get away smoothly in recent months".

"The most significant risk to travel remains airspace constraints across Europe and a lack of airline ground handling staff.

"We will work closely with all our airport partners and take action where needed, to ensure we can give passengers the safe and reliable journey they deserve this summer," the spokesperson said.

Newsletter

Related Articles

PanamaTimes
0:00
0:00
Close
Mexican Drug Lords El Mayo and El Chapo's Son Arrested in Texas
World's Hottest Day Recorded on July 21
Joe Biden Withdraws from 2024 US Presidential Race
A Week of Turmoil: Key Moments in US Politics
Global IT Outage Sparks Major Concerns
Global IT Outage Unveils Digital Vulnerabilities
Secret Service Criticized for Lack of Sniper Protection During Trump Shooting
Colombian Court Annuls Amazon Tribes’ Carbon Credit Deal
Sunita Williams Safe on ISS, to Address Earth on July 10
Biden Affirms Commitment To Presidential Race
Boeing Pleads Guilty Over 737 MAX Crashes
Beryl Storm Hits Texas, Killing 2 and Causing Major Power Outages
2024 Predicted to Be World's Hottest Year
Macron Faces New Political Challenges Despite Election Relief
Florida Man Arrested Over Attempt to Withdraw One Cent
Anger mounts at Biden’s top team after disastrous debate
Bolivian President Luis Arce Denies 'Self-Coup' Allegations
Steve Bannon Begins 4-Month Prison Sentence
Biden Warns of 'Dangerous Precedent' After Supreme Court Immunity Ruling in Trump Case
Elon Musk Accuses Kamala Harris of Misleading Post on Trump's Abortion Stance
Hunter Biden Sues Fox News Over 'Revenge Porn' Allegations
New York Times Editorial Board Urges Biden to Exit Presidential Race
US Supreme Court Overturns Obstruction Charges Against January 6 Rioters
US Voters Prefer Biden's Democracy Approach, Trump's Economy Plan: Report
Attempted Coup in Bolivia: President Urges Public Mobilization
Top-Secret US Underwater Drone 'Manta Ray' Revealed on Google Maps
United States Bans Kaspersky Antivirus
Inside El Salvador’s 40,000 Inmate Mega-Prison
Toyota, Mazda, Honda, and Suzuki have committed fraud; falsified safety test results
El Salvador's Bitcoin Holdings Reach $350 Million
Teens Forming Friendships with AI Chatbots
WhatsApp Rolls Out Major Redesign
Neuralink's First Brain Implant Experiences Issue
Apple Unveils New iPad Pro with M4 Chip, Misleading AI Claims
OpenAI to Announce Google Search Competitor
Apple Apologizes for Controversial iPad Pro Ad Featuring Instrument Destruction
German politician of the AFD party, Marie-Thérèse Kaiser was just convicted & fined $6,000+
Changpeng Zhao Sentenced to Four Months in Jail
Biden Administration to Relax Marijuana Regulations
101-Year-Old Woman Mistaken for a Baby by American Airlines: Comical Mix-Up during Flight Check-in
King Charles and Camilla enjoying the Inuit voice singing performance in Canada.
New Study: Vaping May Lower Fertility in Women Trying to Get Pregnant
U.S. DOJ Seeks Three-Year Sentence for Binance Founder Changpeng Zhao
Headlines - Thursday, 23 April 2024
Illinois Woman Wins $45M Lawsuit Against Johnson & Johnson and Kenvue for Mesothelioma Linked to Baby Powder
Panama's lates news for Friday, April 19
Creative menu of a Pizza restaurant..
You can be a very successful player, but a player with character is another level!
Experience the Future of Dining: My Visit to an AI-Powered Burger Joint
Stabbing rampage terror attack in Sydney, at least four people killed, early reports that a baby was among those stabbed.
×