The cost of air travel continues to fall for Canadians. And fall fast. In its latest consumer price index report, Statistics Canada says the price of air transportation in Canada dropped 19.4% in October. According to Canadian Press, that follows a year-over-year drop of 21% in September, and 20% in August. A massive spike in air travel demand following the COVID-19 pandemic sparked a huge increase in air fares, so one could argue a course correction was due to happen. While data shows that airfares in Canada overall have normalized from an exceptionally strong 2022, “pricing remains above pre-pandemic levels Read more
