72 million more seats, flight prices continue to take off

72 million more seats, flight prices continue to take off
Air NZ spending to upgrade fleet, contend with engine issues. (Image: Getty)
Brent Melville
Resurgent airline capacity will leave international travellers spoiled for choice next year, but prices won’t be losing altitude anytime soon, analysis by corporate firm FCM Travel shows.The consultancy, the corporate travel management offshoot of Flight Centre, points to a 5.3% overall increase in airline seat numbers on 2019 levels by the first quarter of 2024.That’s 71.8 million more seats available for booking across both domestic and international flight markets.FCM’s latest quarterly trend report suggests the b...

More Markets

Vector agrees to sell LPG assets for $150m
Markets

Vector agrees to sell LPG assets for $150m

The deal is subject to regulatory approvals and commercial conditions.

Rebecca Howard 26 Jul 2024
ASX: Australian shares slide to a two-week low as tech drags
Markets

ASX: Australian shares slide to a two-week low as tech drags

Every sector of the Australian share market has lost ground.

AAP 26 Jul 2024
NZ sharemarket down 0.38%
Markets Market close

NZ sharemarket down 0.38%

The S&P/NZX 50 Index closed at the day’s low of 12,349.47, down 46.79 points or 0.38%.

Graham Skellern 26 Jul 2024
The Warehouse’s plight in five charts
Retail Charts

The Warehouse’s plight in five charts

The private equity bid shows the company’s future is still anyone’s guess.

Gregor Thompson 26 Jul 2024