UK airfares price surge

UK airfares are rising at their fastest ever rate, according to the Office for National Statistics.

ONS data showed airfares increased 44.1% in December from a year earlier.

It was the largest year-on-year increase since it started recording UK airfares data in 1989.

It was a sharp rise from the 24.3% recorded in November.

Airlines have warned ultra-low cost flying is coming to an end as demand remains high

Ryanair recorded record booking levels last week amid ‘very strong demand.’

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