‘Buy now,’ say experts as flight fares expected to soar amid rising fuel costs
Fuel prices have continued to soar across the country over the past few weeks, impacting everyday lives of Canadians. Beyond the daily commute, the skyrocketing cost of fuel is also likely to affect how much you’ll spend on an airplane ticket, experts say. Read more: Gas prices continue rising despite dip in crude oil price “No question, when oil goes up, airline prices go up — which affects travel,” Richard Vanderlubbe, president of TripCentral.ca told Global News. “Fuel is a major factor in airline cost structure so it always has an effect,” he said.
Booking your ticket early is the way to go, according to Vanderlubbe. “Often, you can overthink this by trying to play games with waiting and seeing what would happen,” he said. “That’s probably not a good idea right now.” Purchasing a ticket sooner rather than later is also something David Gillen, director for transportation studies at the University of British Columbia (UBC), recommends.
Gillen is also a professor at the university’s Sauder School of Business. “Fuel is going to impact air travel. Airfares are going to increase.
Yet on the other hand, the substitution for air travel is car travel and you’re faced with the same problems,” he said, noting the price of oil is expected to stay on the rise.
United States
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Cases: 46 252 513
Deaths: 750 423
Recovered: 0
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India
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Cases: 34 321 025
Deaths: 459 652
Recovered: 0
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Brazil
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Cases: 21 835 785
Deaths: 608 235
Recovered: 0
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United Kingdom
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Cases: 9 215 683
Deaths: 141 607
Recovered: 0
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Russia
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Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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