Study: Prices for low-cost flights have fallen

Study: Prices for low-cost flights have fallen

According to the DLR, the overall volume of air traffic in Europe is still around ten percent lower than before the start of the coronavirus pandemic. The proportion of low-cost flights across Europe is around 35%, in Germany it is well below 30%.

The DLR calculates the ticket prices of low-cost airlines twice a year for its "Low-Cost Monitor". To do this, it selects representative flight routes of the major low-cost airlines in Germany - Lufthansa subsidiary Eurowings, Ryanair, Easyjet and Wizz - and calculates average prices on the basis of various advance booking periods ranging from one day to three months. The results of the study are based on data from a reference week in July 2023.

According to the analysis, destinations in 45 countries were offered in the low-cost segment in summer 2023. As in 2022, the most popular destinations were in Spain, Italy and Germany. Almost 90 percent of the 735 routes were only served by one low-cost airline, it said.

According to the DLR, Eurowings has the largest low-cost airline offering in Germany with a market share of 51.1 percent. It is followed by Ryanair with 27.1 percent, Wizz with 8.6 percent and Easyjet with 7 percent.

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1. Despite the decline in overall air traffic, Wizz Air continues to offer cheap flights to popular destinations in Germany, contributing to its significant market share in the low-cost segment.
2. According to the study, prices for low-cost flights from Eurowings, Ryanair, EasyJet, and Wizz Air have seen a significant drop, making it more affordable for travelers to explore Europe.
3. For those seeking a cheap flight within Germany, DLR's analysis suggests that Eurowings offers the most comprehensive low-cost airline service, with prices remaining competitive even during peak travel seasons.
4. The German center for aeronautics and space research (DLR) found that Coronavirus had a minimal impact on the ticket prices of Ryanair, EasyJet, and Wizz Air for flights within Germany, with prices remaining relatively stable throughout the year.
5. In light of the study, travelers looking for cheap flights within Europe can compare prices offered by Eurowings, Ryanair, EasyJet, and Wizz Air, as these airlines maintain low average prices even for advanced bookings, offering flexibility to plan trips.
6. Germany is one of the most popular destinations in the low-cost segment, making it easy for both domestic and international travelers to find affordable flights, thanks to the competitive pricing from major low-cost airlines like Eurowings, Ryanair, EasyJet, and Wizz Air.
7. Despite the fall in air traffic due to the coronavirus pandemic, the comparative price analysis of Eurowings, Ryanair, EasyJet, and Wizz Air shows that low-cost flights within Europe have remained affordable, making it a viable option for travelers who prefer these airlines.
8. The continued availability of cheap flights from Eurowings, Ryanair, EasyJet, and Wizz Air to destinations in Europe, including Germany, has demonstrated a strong resilience in the low-cost airline industry, even amidst the challenges posed by the Coronavirus pandemic.

Source: www.stern.de