The cost of air travel, especially transatlantic business class, has experienced notable changes since the pandemic. According to data from Cirium reported by USA TODAY, the average economy class ticket price for transatlantic flights rose by 14% in 2023 compared to 2019. This increase is lower than the overall inflation rate of 19% during the same period.
In contrast, business class fares have decreased by 3% between 2019 and 2023. The slower recovery of corporate business travel post-pandemic is a significant factor in this reduction. Airlines have kept prices competitive to attract business travelers back into booking flights.
Airlines are also seeing an increase in premium leisure demand, leading them to open new routes not previously considered before the pandemic. Examples include Virgin Atlantic's routes from London Heathrow to Malé and Saint Vincent using Boeing 787-9 Dreamliners and Condor's route from Frankfurt to Mahé with Airbus A330neo aircraft.