Airlines that were once considered to be the world’s top air travelers are taking a hit.
As we reported last month, airlines are pulling in more passengers and making fewer stops on their routes, and there is growing pressure on them to bring down the prices of their flights.
Now, as Bloomberg reports, the travel industry is starting to recognize that the airlines are losing money and that the industry needs to cut back on some of its most profitable practices, like ticketing, for example.
While we are still not seeing the full impact of the airline pricing crisis, we can expect that the trend will only continue to accelerate.
For now, it’s clear that airlines need to make some changes to the way they manage fares and prices, which has already started to impact their ability to meet demand.