THE average cost of a flight from the UK to Europe in October shot up by almost quarter following the Ryanair and Monarch flight chaos – from £114.22 to £140.40.
During the month of September more than 2 million passengers were affected by staffing issues at Ryanair and Monarch going into administration – with tens of thousands of flights cancelled.
As a result, panicked passengers were left scrambling for last-minute flights so that they wouldn’t have to cancel their holidays.
Skyscanner reported an increase of 86 per cent activity in customers looking for flights from the UK to Europe over the last two weeks.
They looked at how much fares rose in price before and after the flight chaos started – averaging the price of a ticket between August 25 and September 11 and comparing it to the price of a ticket between September 15 and October 2.
The second period covers both the Ryanair and Monarch crises.
According to the flight search website, Milan saw the biggest price hikes – rising by 42.9 per cent in price for an October flight from £74.46 to £106.39 after.
Malaga in Spain was also badly affected with flights rising by 29.9 per cent from £109.77 to £142.58.
Alicante in Spain and Dublin saw a big rise too – from £118.53 to £150.29 and £67.93 to £84.83 respectively.
The popular holiday destination of Barcelona saw one of the smallest increases, rising from £91.39 to £105.97, which may have been down to local issues faced by the Spanish city.
The huge rise in prices isn’t long term though – the increase trails off for coming months and by February European prices have fallen back to seasonal norms.
Hayley Shearer, Growth Manager at Skyscanner said: “Flight prices can rise for a number of reasons; this recent increase could be attributed to last minute bookings and the demand/supply model that most industries works to.
“[But] whilst most destinations in Europe have seen an increase in their average flight price for immediate travel, most return to normal or even see prices drop for travel in January and February.”
She added: “There are still some great deals to be had if you are savvy with your travel booking though.
For example, Skyscanner provides a “Nearby Airports” on search and flying out of one airport and returning to another can save a lot of money.”
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