Now may be the best time for Canadians to buy airline tickets because fares are set to soar this summer, according to an industry expert
Flair and Lynx are the price leaders in Canada,” said Gradek. “Air Canada, WestJet, Porter are kind of playing along.”The problem is that’s not likely to be sustainable.Gradek said the ultra-low cost airlines are not making any profit off the current fares and it’s likely one of them will be subject to either bankruptcy or takeover.
The strong demand for travel and profitability for carriers seen last summer should repeat itself this year, said Gradek, with the only possible dampers being a recession and lower disposable income.
“It’s going to be busy,” Gradek said. “Fares will definitely be up there.”
https://financialpost.com/transportation/airlines/airline-fares-set-to-soar-summer