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Highlights:
- Flights for the week-long half-term getaways are about 42% costlier than the pre-pandemic period on average.
- The rise is said to be caused by soaring fuel costs, pent-up demand, and airport passenger caps.
With flight cancellations ruining the travel plans for many in the first half of the year, there's another concern for travellers. A new analysis has found that the flights for week-long half-term getaways cost 42% more on average compared to the pre-pandemic period.
The consumer group Which? conducted the analysis revealed that the average price of a flight ticket in October for the school holiday booked six months, three months, and a week in advance costs £212. In 2019, the typical price stood at £150.
Image source: © Carlosphotos | Megapixl.com
To arrive at the outcome, Which? analysed data from data firm Skytra for flights to six popular destinations, including the likes of Dubai, Dublin, Malaga etc., from the country's busiest airports.
The price rise is said to be increasing fuel costs, combined with pent-up demand and the cap on passengers at the airports.
Due to the rising prices, the average cost of a holiday for a family of four people booking flights six weeks in advance increased by £2,096 compared to 2019, Which? said.
In the wake of this information, let us explore some London-listed airline stocks.
EasyJet Plc (LON: EZJ)
Styled as EasyJet, the short-haul airline group recently unveiled its roadmap to zero carbon emissions by 2050, announcing that it'll stop offsetting emissions by its planes. The airline added that the move would cost around £25 million a year. With a market cap of £2,280.09 million, the stock's share value over the past 12 months has slipped by nearly 60%. Even on a YTD basis, it has depreciated by more than 48%. Shares of EasyJet were trading 4.02% lower at GBX 288.70 as of 11:27 am GMT+1 on Wednesday.
International Consolidated Airline Group SA (LON: IAG)
The FTSE 100 constituent owns Britain's national carrier British Airways, and holds a market cap of £5,035.35 million. Recently, its CEO Luis Gallego announced that all the airlines owned by the company would post profits this year. The FTSE 100 constituent has a negative EPS of -0.59, and its share price has tumbled by more than 46% in the past 12 months. Shares of the company were trading at GBX 98.31, down 3.28% as of 11:26 am GMT+1 on 28 September.
Wizz Air Holdings Plc (LON: WIZZ)
The FTSE 250 listed airline group has a market cap of £1,733.17 million, and its shares have depreciated by 70% over the past 12 months. The year-to-date return stands at -61.34%, and the EPS also stands in the negative territory at -6.33. Shares of the company were trading at GBX 1,620.50, down 3.63%, as of 11:31 am GMT+1 on 28 September.
Note: The above content constitutes a very preliminary observation or view based on market trends and is of limited scope without any in-depth fundamental valuation or technical analysis. Any interest in stocks or sectors should be thoroughly evaluated taking into consideration the associated risks.
