The war in Iran has sent energy and fuel prices through the roof, but another interesting trend, which could in fact benefit travellers, has developed.
According to analysis by flight comparison website FlightsFinder.com, certain budget airlines appear to have slashed their fares by 10 to 30%, namely Ryanair, WizzAir and EasyJet.
"Our fare history shows a steady decrease in price over the last few months", founder Shahab Siddiqui told Europe in Motion. For example, "routes from the UK to European destinations like Nice, Palma, and Barcelona have dropped by 10% to 30%."
According to experts, slashing prices is part of certain airlines' strategy to make travel as appealing as possible to potential customers, in a bid to mitigate weak demand and wider economic losses which the industry currently faces.
Such cut prices are achievable through fuel hedging —allowing airlines to fix or cap fuel prices over a designated time period. However, these competitive prices will not necessarily be sustainable long-term, warned Siddiqui.
