Skip to comments.El Al fares jump by up to 150% after foreign airlines cancel flights [Israel]
Posted on 07/23/2014 10:18:43 PM PDT by Star Traveler
Within hours after most foreign airlines flying to Israel suspended flights, demand for seats on Israeli carriers practically the only ones now left plying the routes skyrocketed, and so did airfares.
El Al, which earlier this week said it expected that a wave of cancellation by people travelling into and out of Israel would depress its third-quarter revenues by as much as $50 million, denied it was taking advantage of the situation.
(Excerpt) Read more at haaretz.com ...
They've got a good map, too, showing all the countries that the FAA bans any flights to ... the countries are: Ukraine, Iran, Afghanistan, Syria, Iraq, North Korea, Yemen, Somalia, Ethiopia, Kenya, D.R. Congo, Mali, Libya and Egypt. That's quite a list and I didn't know so many places were on the banned list.
demand quickly outstripped supply
“denied it was taking advantage of the situation.”
They would be crazy if they didn’t. Talk about an Airline CEO’s wet dream...
Imagine what would happen to airfares in the US if Delta was the only one allowed to fly to, say, Florida.
like back in the old days when airlines were super-regulated to keep competition to a minimum?
The ban was lifted in Israel, though ...
FAA Lifts Ban on Flights to Israel
US flights to Israel to resume after brief ban. Will European carriers follow suit?
The US national aviation authority has lifted a ban on American flights to Israel, but warned of a “very fluid situation” amid intense fighting with Palestinians in nearby Gaza, AFP reports Thursday.
“Hamas does have rockets that can reach Ben Gurion airport... although the accuracy of their rockets does remain limited,” State Department spokeswoman Marie Harf said.
Israel had warned of the economic impact of the ban by many world airlines and said that it would be a win for Hamas, who hailed the suspension as a “great victory.”
Delta, United and US Airways all cancelled their scheduled flights for Wednesday, as did a raft of European carriers including Germany’s Lufthansa, Air France, Poland’s LOT and others. It is unclear as of now whether or not they will follow suit in lifting the ban.
I think El AL also has a defense against some missiles. I might be willing to pay double for that.
All airlines have tiered pricing. The cheapest seats go first. As more and more seats sell, only the more expensive seats are left.
Try buying a cheap seat at the last minute on any airlines. You’ll likely wind up paying full fare. In some cases only First Class is available.
Someone who doesn’t know jack about airlines wrote this crud.
Looks like the other airlines are getting “jewed” (as the liberals view it). Too funny.
Actually, I suspect that most of tickets being bought for return flights to/from Israel were by the other airlines for their stranded passengers...and the airlines started SCREAMING to the FAA to end the ban.
The airlines also understood the long-term implications - that people will now pay a premium to fly on El Al, knowing that their flights are much more likely not to be banned for political reasons, and that the planes themselves can take care of manpads.
You got it!
That is why when playing any trip that requires a plane flight, that is why you plan ahead because of cost. You have to.