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what happened to those cheap passages what we saw during the peak of the pandemic? Today we review the new reality of the costs of air tickets.
In recent weeks I have received several questions from you about the price of the tickets and where those promotions went that even let us see tickets for $12 dollars per section between Guayaquil and Quito.
As well, Before getting into the matter I share this video with tips to find cheap tickets:
What happened to the cheap tickets?
To get into the matter we must put on the table some important points to consider:
- During the peak of the pandemic demand was limited.
- Supply was also limited., what we would normally think would have increased the prices of the passages.
- But the supply being low and the demand also, prices also fell to historical records.
- The international price of oil reached historic lows (lower operating costs)
With these points in mind, we are now going to review what has changed or happened so that we no longer find tickets available as cheap as a Quito. – Madrid in $399 round trip:
- The demand has grown, even in some markets to figures higher than 2019.
- Supply has recovered and routes have even been opened that were not 2019.
- The offer increased and the demand also.
- The price of fuel increased to levels higher than in recent years, mainly driven by the war between Russia and Ukraine.
Untill there, everything is quite understandable, but this is not all and prices have increased especially to destinations in Europe and the Middle East, why?
- We are entering peak summer travel season in the northern hemisphere.
- We are at the gates of a World Cup that will mobilize thousands of people from our region, so the demand increases along with the price.
To close, As we can see, this year a series of factors are coming together that even, if we buy with time, generates high values in passengers, but inside everything, more normal than those we knew pre-pandemic, that is, a stabilization of prices and not values so low that they came to seem like a lie.
Have you managed to find any good prices in the last few weeks?? I read them…
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