Europe air ticket price trend
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The transatlantic business class flight sector has seen much volatility in recent years. Let’s briefly review the sector and consider how we can reduce our premium airfare.
- We saw the emergence (and subsequent bankruptcy) of the independent “all-business class” airline. The likes of Maxjet, Silverjet and EOS entered the market to much fanfare offering low airfares between London and the US which undercut the major carriers. Ticket prices were as low as $750 return on Maxjet and even top class EOS could be had for well under $2,000 return.
- The major carriers were forced to compete and cut their own prices and we often saw sub-£1,200 / $2,000 fares on the London – New York route.
- Eventually the high oil price, competitive marketplace and finance difficulties took their toll on the all-biz carriers who – despite claiming one-fifth of the premium market – all went under.
Today the only all-business operations are all backed by major airlines. Privatair continues to run all-biz services worldwide on behalf of Lufthansa, Swiss and KLM. British Airways runs an all-business service from London City to New York (with a stop in Shannon) while its subsidiary OpenSkies (which had absorbed French start-up L’Avion) offers flights from Paris to NYC and Washington DC.
Since the financial crisis business class capacity has been cut which has put upward pressure on airfares. Here are a few tips to reduce your transatlantic premium airfare:
On day flights think about “downgrading” to premium economy – consider OpenSkies’ Biz Seat (with 52″ pitch). While prices are up on last year, returns to Paris can be had from around $1,750 though special offers can be less. Check online agents which often sell consolidated OpenSkies fares at around $1,400. London is only a short hop away on the high speed Eurostar train.
Icelandair always has very competitive business class fares between London and New York via Reykjavik – from around $1,700. Some downsides – Icelandair uses narrow body (757s) cabins and their business class only has 39″ pitch. Iceland is also the home to the volcano which significantly disrupted Euro air travel.
Check out prices from “off-beat” airlines such as Kuwait Airways (London Heathrow to New York JFK) and Air India from NYC to Frankfurt, Germany. Returns on Kuwait Airways can be around £1,000 / $1,450 – but note it is a “dry” airline.
Keep an eye on special offers from major quality airlines like Swiss which is competitive on the London-New York route and special sale fares on British Airways and Virgin Atlantic. From NYC consider Jet Airways to Brussels and Singapore Airlines to Frankfurt.
Happy flying!
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