NEW YORK — American Express Global Business Travel’s (GBT) Air Monitor 2019 predicts fare levels should remain stable on many of the world’s major air routes this year.
Capacity and growing competition, including new low-cost carriers on long-haul routes, will likely restrain fare hikes on key routes from Europe and Asia-Pacific, despite the global economy being forecast to grow and airlines face rising operating costs. However, demand growth in premium classes across North America is forecast to outstrip capacity growth, meaning buyers could see significant price increases on these fares within the region and to Europe.
“While current global political and economic uncertainties create a challenging environment for price forecasting, it’s important for buyers to access the information and insights that help them drive better value in their air programs,” says Joakim Johansson, VP of Business Development, American Express GBT. “For the Air Monitor 2019, we have developed a robust, scientific methodology that combines GBT’s own historical flight-transaction data with a wide range of critical metrics that drive supply and demand, shaping pricing conditions.”
The Air Monitor 2019 explores the diverse factors that influence air pricing, ranging from the adoption of premium economy fares in the US to massive infrastructure and aviation expansion in China. The complete report is available at amexglobalbusinesstravel.com.
