According to a new report from OAG – long a source of Aviation information and analysis – the European Union’s Emissions Trading Scheme (ETS) which went into effect at the start of this month could mean an ultimate rise in ticket prices to and/or within Europe of about 3 percent.
Ticket Prices to Europe Could Rise 3%
We have already seen modest price rises of about $3 each-way on several carriers including American, Delta, United and numerous international airlines.
However, a 3 percent rise in a $750 ticket from New York to London could add $22 to the overall price. The OAG suggest some airlines may try to keep these costs down by focusing on non-EU cities as gateways to Europe.
Swiss Airports May See More Traffic Under OAG Scenario
Which airports could benefit? Under one scenario presented in the OAG report, three Swiss airports could benefit as Switzerland is not an EU member.
- Basel – EuroAirport Basel-Mulhouse-Freiburg (BSL)
- Geneva - Geneva International Airport (GVA)
- Zurich – Zurich Airport, sometimes called Zurich-Kloten (ZRH)
Other suggested “substitute” cities for more expensive EU airports are Zagreb (ZAG) in Croatia, or Istanbul (IST), or perhaps even Moscow (SVO) or Minsk (MSQ) though these last three are a long ways from the most popular capitals of Europe.