The European Commission is investigating the rise in air fares across Europe after airlines increased ticket prices by up to 30% over the summer, leading to increased profits. Transport Commissioner Dina Vălean is seeking a detailed explanation of the market dynamics behind the price rises, which were triggered by a travel boom and supply chain issues. The commission is concerned that high fares could affect the EU's outer regions, such as islands or isolated territories that rely on aviation for connectivity. The European Commission is in a permanent conversation with the industry to understand the cause of the development.
(Source: Alice Hancock, Philip Georgiadis - FINANCIAL TIMES. Read article here)
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