‘Buy now,’ say experts as flight fares expected to soar amid rising fuel costs
Going forward, it’s hard to predict how oil prices will impact travel because they can quickly change as various countries increase or decrease supply and demand, Seidel noted.
Although demand has started to boom again as pandemic restrictions begin to lift, the price of fuel will be another hurdle for airlines to tackle.Transat A.T. Inc. felt the pain of the Omicron variant last quarter, but saw bookings rebound as COVID-19 measures eased, leaving the tour operator’s CEO “cautiously optimistic” but wary of skyrocketing fuel prices.
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