Ticket prices of low-cost airlines down compared to the same period last year
Ticket prices for low-cost airlines fell in summer 2023 compared to the same period last year. This is according to an analysis published on Thursday by the German Aerospace Center (DLR). According to the study, the average gross price fell from around 68 to 119 euros per ticket to 58 to 102 euros. However, this means that low-cost airfares were still significantly higher than in 2019.
According to 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%, while 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 based on 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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- In the same comparison between summer 2023 and the previous year period, ticket prices for low-cost airlines also showed a decrease in other European countries, not just Germany.
- Despite the reduction in ticket prices, low-cost airfares for summer 2023 were still significantly higher than they were in the pre-pandemic year of 2019.
- For the analysis of ticket prices in the low-cost segment, the German Aerospace Center (DLR) considered data from the same period in Summer of previous years, including Summer of 2022.
Source: www.ntv.de
