Global shortage of pilots and rising oil prices could lead to airfare spike

Airfares are predicted to spike next year as a result of rising oil prices and a global shortage of pilots. Those planning a trip to the Asia Pacific region could incur a fare rise of about 3.2 per cent. The industry is beginning to feel the effect of an imbalance between growth in demand, and growth in supply. Image: Supplied / News Corp Australia

from Finance – syndicated | Daily Telegraph https://ift.tt/2K4zOiG