Your travel dollars likely won’t go as far next year. Air Monitor 2023, published today by American Express Global Business Travel (Amex GBT), forecasts widespread air fare price rises in North America and around the world, due to a range of factors including inflation, rising fuel costs, and capacity issues. The report is an annual forecast of air fare movements on key business travel routes. North American domestic fares are expected to see moderate rises (3.4% business, 2.9% economy) as more capacity comes online in 2023. Europe-North America routes are expected to see modest rises of 3.7%, while intra-European flights Read more
