#GlobalNews: “Canadian plane ticket prices rose more than 10% in a year: report – National” #Toronto #Montreal #Calgary #Ottawa #Canada
TORONTO – An RBC survey says airfares rose by greater than 10 per cent within the first two months of the third quarter as Air Canada and WestJet handed alongside greater crude oil costs.
Despite slipping a bit in August, fares rose 12.5 per cent at Air Canada for July and August and had been 11.three per cent greater than a yr earlier at WestJet.
Analyst Walter Spracklin says he expects fares will improve additional, with Air Canada doubtless being extra aggressive in passing alongside oil worth will increase.
He says Calgary-based WestJet is probably going nonetheless recovering from weak reserving ranges ensuing from the specter of a pilot strike.
Passenger site visitors stays robust with WestJet reporting 8.1 per cent progress in August, lower than the capability progress of 10 per cent.
Note: “Previously Published on: 2018-09-12 13:40:47, as ‘Canadian airplane ticket costs rose greater than 10% in a yr: report – National’ on GLOBALNEWS CANADA. Here is a supply hyperlink for the Article’s Image(s) and Content”.