Airfares in Canada increased 2% YoY in June, surpassing pre-pandemic levels, due to limited competition and flight capacity.
Airfares in Canada increased 2% year-over-year in June, surpassing pre-pandemic levels, as per Statistics Canada. This follows a 4.5% rise in May and a stable April. Limited competition and flight capacity among airlines have contributed to the rise, despite softening demand post-pandemic. WestJet may need to temporarily lower prices to regain customer trust following a mechanics strike that caused over 1,300 flight cancellations.
July 16, 2024
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