Europe will see air fares rise on key business routes in 2023, with intra-regional business class fares expected to increase 6 per cent, according to the American Express Global Business Travel (GBT) Air Monitor report, released on Thursday (8 December).
The annual forecast of air fare movement combines historical transaction data with International Air Transport Association (IATA) booking demand and capacity constraints, macroeconomic variables including per capita GDP, and key inputs…