Airfares to the US are now the cheapest in years – but people aren’t buying

• Transatlantic airfares from Europe to the United States have plummeted to pre-pandemic levels, driven by a significant downturn in travel from Western European nations.
• Preliminary figures indicate a 2.8 per cent drop in overall overseas arrivals to the US in May, largely due to a 4.4 per cent decrease in travel from Western Europe.
• The decline is attributed to factors such as a stronger dollar and a political climate that has led Europeans to reconsider travel to the US.
• Airlines including Air France KLM and Lufthansa anticipate weaker demand in the third quarter and are cutting prices to maintain full cabins on transatlantic routes.
• Increased demand from US travellers flying to Europe is helping to offset the decline in European travel to the US.

IN FULL

Transatlantic airfares slump as Europeans continue to shun travel to America