The air tickets industry is on the cusp of a death spiral, with ticket prices rising to the point where airlines can no longer afford to take passengers.
Air tickets are going a bit like the dodos, the ticketing company that’s been blamed for the downfall of ticketing services like Ticketmaster and Qantas.
The rise of airfare has been a boon to airlines because they have the ability to charge a higher price for a ticket than they do for other services, such as taxis.
But the rise in airfare is a major driver of the price of air tickets.
The average price of a ticket in Australia is $6,500, according to PricewaterhouseCoopers.
That’s higher than the $4,500 average price for most of Europe, where airfares are the lowest.
Airfare is expected to rise to a new record level of $7,500 by the end of 2018, according the airline industry lobby group Airline Alliance.
That puts airfare costs in the U.S. at more than $100,000, compared to about $75,000 for the same trip in the United Kingdom, according data from the British Airports Authority.
The price of flights is expected also to rise, with prices up 10.6% in 2018, up from 8.9% in 2017, according TOI.
The jump is attributed to the government of Australia raising airfaring to $50 per person per seat from $35 per person.
The increase is expected even more by 2018, when the cost of flights will rise to $69.50 per passenger, from $49.50, according Toi.
But airfear is not the only thing driving ticket prices up.
The government of India is also pushing air travel prices higher, with the average price in the country increasing by 2.5% in January 2018 to Rs 4,800 from Rs 3,800.
That means airfared travel costs are expected to increase by 10% by 2018.
Air travel is the main reason why people travel abroad for holidays and business trips.
While many people use air travel for this purpose, many are also seeking out more affordable travel options in the cities.
Air travel in Australia was already a big issue for the airline, which had to increase its fare prices in 2016 to help offset the price hike.