If you’ve been searching for flights to or from Switzerland during the summer, you may have noticed that prices are higher compared to previous years. Flight prices have in fact risen by 36 percent compared to pre-pandemic times, according to estimates. 

This trend of soaring prices is not limited to Switzerland alone; it is happening across Europe.

In an interview with Bild am Sonntag, TUI CEO Sebastian Ebel announced that there would be no last-minute offers this summer and that the days of cheap flights are over.

Ebel explained that travellers’ booking habits – namely booking tickets shortly before departure – are likely to lead to a further rise in ticket prices. “Spontaneous bargains will be the absolute exception,” he said.

Ryanair Austria head Andreas Gruber issued similar sentiments, stating that the days of flying almost for free are over. “There will be no more 10-euro tickets,” he said in September 2022. Currently, the cheapest ticket you can book with Ryanair costs 25 euros.

Unfortunately, airfare inflation has continued to rise.

The average price for a Ryanair flight will rise from 40 to 50 euros in the future. Still, the Irish airline expects the number of passengers to grow in the coming months as people start looking for cheaper transportation with the rising cost of living.

Rush to travel

Several factors contribute to these price hikes. The unexpected rush to travel after the pandemic caught the industry off guard and led to chaos at some European airports last summer due to staffing shortages.

Despite the return of passengers, business travellers have not returned in the same numbers as before, partly due to the newfound convenience of virtual meetings. In addition, the slow recovery has impacted the profitability of specific flights, prompting some airlines to discontinue routes altogether.

Fuel costs, which account for approximately one-third of ticket prices, are often cited as a reason for the price increase, even though the price of oil per barrel is falling. The International Air Transport Association (IATA) attributes the price hikes to the rising cost of kerosene, explaining that “high fuel prices, as well as other inflationary cost increases, can impact ticket prices if airlines are unable to absorb or avoid these costs.”

Johan Lundgren, CEO of EasyJet, noted that the ban on flying over Russia has increased travel time by one to two hours for certain Asian destinations, adding to the costs of long-haul flights, according to airlines.

SWISS prices set to soar

Swiss International Air Lines (SWISS) announced upcoming summer increases in a Blick interview last year. CEO Dieter Vranckx said that the airline’s sustainability efforts, among other things, are behind the price surge.

Meanwhile, aviation expert Andreas Wittmer from the University of St. Gallen told SRF that “in order to achieve the climate targets set by 2050, the aviation industry must invest – especially in so-called sustainable fuels”.

These investments will then likely result in higher ticket prices.

In line with that, SWISS announced that it has embarked on a pioneering new partnership with luxury Swiss hotel Gstaad Palace earlier this month which will see the latter procure sustainable aviation fuel (SAF) for all its business travel on SWISS.

Moreover, SWISS said that it will continue to offer customers very attractive and competitive prices, though it noted that prices in aviation are more dynamic than in most other industries and that the increase in pricing has to do with supply and demand.

To compare: an Economy Light return ticket for a flight leaving Zurich Airport for London Heathrow (LHR) on July 21st (until July 24th) will set you back an average 350 francs and from Geneva Airport to LHR around 240 francs.

Travelling from Zurich (Geneva) to London Gatwick on the same days via easyJet with only hand luggage in tow will still cost you 206 (134) francs.

Though Basel is not serviced by SWISS, you can head to London Gatwick for a cool 158 francs over the same time period.

READ MORE: How SWISS is expanding flight connections this year

But the higher prices are unlikely to put passengers off their summer vacation entirely.

SWISS stated that it still expects to report total available seat-kilometres (ASK) production for 2023 that is as high as 85 per cent of its 2019 level and expects to raise this further in 2024.

SWISS (excluding Edelweiss Air) transported over three million passengers in Q1 of 2023, an increase of over 70 percent on the prior-year period. It also performed more than 27,000 flights, around 47 per cent more than in the first quarter of 2022.

Prices set to relax in 2024

According to Wittmer, the increase in pricing has now seen its peak and prices should begin to relax in 2024 – if only momentarily.

This, he said, is due to several reasons. For one, SWISS is expanding its international long-haul flights this winter from both Zurich and Geneva Airport. The destinations due to see more frequent traffic are Miami (USA), Shanghai (China), Singapore (Singapore) and Cairo (Egypt).

Other airlines are also gradually bringing back their mothballed aircraft, while Airbus and Boeing will also be delivering new aircraft after production problems caused by the Covid-19 pandemic.

The IATA even expects overall traveller numbers to reach 4 billion in 2024 (counting multi-sector connecting trips as one passenger) and exceed pre-pandemic levels (103 per cent of the 2019 total).

How can I avoid spending too much money on summer travelling?

Although flights may not be as cheap as before, there are still strategies to keep costs down:

– Booking flights well in advance tends to result in cheaper tickets, as prices increase closer to the flight date. Therefore, if you still need to book your flight, now is the time to do so.

– Avoiding the peak holiday season in July and August can help save money. Instead, consider taking an early summer vacation in June or a later one in late August or early September.

– Check websites like Skyscanner and Google Flights for the cheapest airline options. These platforms can also find cheaper tickets if you’re open to making stopovers instead of flying direct.

– Be flexible with your travel dates. For example, look for midweek departures or consider departing from secondary airports, which may offer lower prices compared to major airports.

– If you’re travelling within Europe, consider rail travel as an alternative to flying. The Austrian train system, operated mainly by state-owned company ÖBB, is known for its efficiency and relatively affordable prices, and is highly regarded in many countries.

By employing these strategies, you can still find ways to manage costs and make your travel plans more affordable despite the current trend of rising airfare prices.