ACI EUROPE has printed a rebuttal of current claims by the Worldwide Air Transport Affiliation (IATA) exhibiting that travellers in Europe are benefiting from air fare will increase which can be undercutting inflation.
The European airport commerce physique mentioned that whereas IATA states air fares solely elevated by +16 per cent as of June this 12 months in comparison with 2019, “unbiased and authoritative knowledge from RDC exhibits such improve truly standing at +38 per cent over the height Summer time months (Q3) – practically two instances the rise within the common client costs index (+20.8 per cent)”.
ACI EUROPE additionally mentioned that “IATA’s assertion that airport fees have been constantly rising above inflation additionally doesn’t stand scrutiny”.
The physique mentioned that this assertion depends on “flawed knowledge” from simply two airports (London Heathrow and Amsterdam Schiphol), and claimed that in reality airport fees in Europe this 12 months have elevated by +13.6 per cent, under each inflation and the rise in air fares.
Lastly ACI mentioned that it was “puzzling to listen to IATA asserting that the restoration of the European aviation market is bringing much more aggressive situations, with extra airways and extra routes to select from”.
The physique mentioned that “The truth is that air connectivity has recovered at a slower tempo than passenger volumes”, with connectivity from European airports remaining -17 per cent under pre-pandemic ranges in June, whereas passenger visitors was at -5.9 per cent.
This week IATA printed its newest figures exhibiting that world airline passenger visitors reached 97.3 per cent of pre-Covid ranges in September, with home visitors faring significantly properly, exceeding pre-pandemic September 2019 ranges by 5 per cent.
International airline passenger visitors reached 97.3 per cent of pre-Covid ranges in September
“Confronted with inaccurate and deceptive knowledge, it’s essential to set the report straight about how air fares and airport fees have truly advanced,” mentioned Olivier Jankovec, director basic of ACI EUROPE.
“Not solely have airways been capable of replicate inflationary pressures in what they cost customers, however they’ve been capable of exert important pricing energy thanks to provide pressures and capability self-discipline. Good for them!
“Conversely, many airports have but to totally replicate inflationary pressures of their person fees, with regulators usually oblivious of those pressures and of how debt collected by way of Covid is hurting their funding capabilities.”
“The market has structurally modified by way of the pandemic and the restoration, and it’s essential that coverage makers and regulators now see although these modifications and what lies forward.
“Particularly, the acceleration of airline consolidation coupled with airports reaching capability limits will problem our Single European aviation market and air connectivity developments.
“That is the place financial regulators ought to step again, because the dominance of airways at this time makes worth regulation of airports out of date. That is additionally the place the 30-year-old EU regulation on airport slots requires pressing evaluation.”
Enterprise Traveller contacted IATA for a response to ACI EUROPE’s assertion, however the affiliation mentioned it might not be commenting.