Airfare prices are projected to stabilize globally in 2025, with modest year-over-year increases, according to Air Monitor 2025 from American Express Global Business Travel (Amex GBT). The forecast highlights regional variances and builds on trends observed in 2024.
The Air Monitor, developed by Amex GBT Consulting, offers a comprehensive analysis of global airfare trends. This year’s edition provides actionable insights into factors influencing pricing, such as the steady growth in global air capacity and the resurgence of traditional seasonal patterns in leisure travel.
This forecast offers valuable guidance to help your clients navigate pricing changes and optimize their air travel plans in an evolving aviation market.
In a media announcement, Gerardo Tejado, SVP Professional Services, Amex GBT, said: “In 2025, businesses will be faced with a new reality in their air programs, even though price rises are leveling off and capacity has returned, fares remain high. Corporates should expect tough negotiating stances from airlines, particularly as carriers evolve their distribution models. Business travel buyers will need to be strategic—for example, around loyalty and program performance data—to get value in this environment.”
Global Air Price Moves in 2025
The following chart illustrates the expected increases by region for business and economy class fares.
Meanwhile, factors influencing airfares for 2025 include:
- Labor costs and shortages: Ongoing labor disputes and pilot shortages, particularly in North America, continue to impact airline operational costs, leading to potential fare increases.
- Fuel costs: While fuel prices have been stable in 2024, geopolitical tensions could still drive fluctuations that affect overall ticket prices.
- Carrier-imposed surcharges: Airlines continue to introduce new surcharges, including environmental surcharges and new GDS fees, further increasing ticket prices.
- Airlines deploying enhanced revenue management technologies and pricing strategies.
