These supply constraints have created favourable conditions for airline profits as the surge in demand has allowed airlines to raise ticket prices. (Representative image)
Philip Georgiadis Airlines are defying gravity. The global economy is weak and inflation is fuelling a cost of living crisis, yet there is an apparently relentless demand for flying across the world. Low cost airlines in Europe are touting record booking sprees, US carriers cannot find enough planes to meet demand, and Air India has decided now is the time to place one of the biggest aircraft orders in history. Even Primark has been in on the act, trumpeting strong sales...