Prediction:
Plane tickets will be on average 100% more expensive the rest of 2020 when airlines goes up in the air again. Short flights will be 3x the price & long distance approximately 50-70% more than before 2020.
2021: 25% down from 2020.
Post by twetch#11624
I think the tickets will be inexpensive in the short run because people will not want to fly initially. The airlines will try to jack up the prices because they are hurting for cash. They will do what the always do to get people on the planes, lower fares.
What the chain says
- Block
- 632 737
- Time
- 2020-04-29T20:39:06Z
- Signer
- 1HEoigT48FEH1UyuyCoSZLSnpeKaefhiCM
- App
- twetch
- Type
- post
- Content type
- text/plain
- Name in tx
- twetch#11624
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
Signed by
1HEoigT48FEH1UyuyCoSZLSnpeKaefhiCM VerifiedReplies (2)
To lower fares they'll need a lot of investor money to burn off, I don't really see that scenario in the coming year.
Those who need to fly will fly and they will have a less connected flight network for a year until it settles back in to somewhat normal.
Some may go out of business. I was in the travel agency biz during 911, which was similar in that people were afraid to fly. It took a year and a half for prices to go back up.