Consumers are now more inclined to wait until there is a sale before going ahead and booking their flights, one sector commentator has claimed.
In news that may be of interest to those looking at unsecured loans as a means of funding such an expense, James Fremantle, industry affairs manager for the Air Transport Users Council, said that there were many seats going spare as a result of the credit crunch.
However, he went on to note that he believed air fares would increase in the long term, meaning airlines would use a promotions scheme "now and again".
"[Airlines] have price sales just to fill up their empty aircraft so obviously the overall number of passengers is going down because of the credit crunch because they [consumers] don't have the money to spend," Mr Fremantle added.
Meanwhile, those seeking unsecured loans may also be interested to note that Amex's twice-yearly Business Travel Monitor revealed that high fuel prices - which led many airlines to make capacity reductions and tighten ticketing restrictions - had increased the average airfare paid.
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