Toronto-Incheon peak season exceeds $2,100.
Air fares are rising steeply as travel demand, which had plummeted due to the corona, has recovered to pre-pandemic levels.
The significant increase in travel spending can be seen in the airline industry’s earnings.
Air Canada, which underwent massive restructuring during the COVID-19 period, announced on the 17th that it recorded a profit of $168 million in the fourth quarter of last year.
In response, Air Canada announced that it plans to increase the airline’s transportation capacity and revenue-generating ability, ‘available seat mileage’, by about 50% compared to the same period last year.
Officials from a Korean travel agency in Toronto said, “Airfare has risen significantly compared to previous years due to the surge in demand for flights to Korea and the increase in fuel tax.”
For some travel agencies, as of the 21st, the round-trip airfare for a direct flight between Toronto and Incheon by Korean Air is $1,854 during off-season (September 1-October 31), $1,989 during semi-peak season (May 1-June 21, etc.), and peak season (6 It is on sale for $2,115 (May 22-July 11). These prices apply only through March 1st.
Air Canada sells non-peak Toronto-Incheon round-trip tickets for $1,549 during the off-season.
If you search the price of a flight to Korea as of May 1 departure through Expedia (www.expedia.ca), a travel reservation website, you can see that Air Canada is $2,466 and Korean Air is $2,730, and the number of seats is extremely limited.
In addition, the burden on travelers is expected to increase as airports that recorded losses during the corona period raised various fees charged to passengers as travel demand recently recovered.
Meanwhile, Korean Air has decided to postpone the implementation of the mileage reform plan (page B13 of the related article), which has caused public outrage.
Korean Air initially tried to reduce mileage benefits through the reform of the mileage system in April but backed away when opposition intensified.