FlightHub CEO Christopher Cave has detected early signs of softened travel demand, attributing it to rising living costs affecting Canadians' budgets, reports the Financial Post.
Airline ticket sales declined from SEP to OCT, a period when they typically surge before the holiday season.
Anxiety about ticket prices and the overall economy, coupled with concerns about interest rates, leads Cave to anticipate a potential softening of the travel market in the next year.
While Air Canada's CEO asserts stable demand, analysts highlight challenges, including too much capacity in some markets and increased costs impacting disposable income. The industry faces headwinds despite lower fares from higher wages, fuel prices, and interest rates.
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