Lower Oil Prices Soften Projected 2015 Airfare Increases

Lower fuel costs this year have helped temper the airfare hikes in several global regions that BCD Travel’s Advito projected last year, and the consultancy on Tuesday issued a new forecast that calls for 2015 airfares in most locales to remain fairly flat year over year or even to decrease, according to a report in Business Travel News.

In North America, regional economy fares now are predicted to decrease 1 percent year over year, a significant shift from the 4 percent increase originally forecast in September 2014. For intercontinental flights, Advito now projects business fares to increase 1 percent (versus the original 3 percent forecast) and economy fares to decrease 1 percent rather than remain flat.

Read the story