Warning to travelers: Flight prices expected to soar

Booking.com CEO warns that rising jet fuel prices are already causing a decline in demand for flights in Europe and Asia. Meanwhile, Ryanair predicts that short-haul ticket prices in Europe will 'rise significantly' in the coming years. Israeli travelers are expected to pay more.

Senior figures in the global tourism and aviation industry are warning of a significant increase in flight ticket prices. Glenn Fogel, CEO of Booking Holdings, explained that jet fuel prices are rising faster than wages, and that the company is already seeing 'some softening' in travel demand in Europe and Asia. He also cited geopolitical factors and global instability, such as protests in Paris, which are contributing to a decline in consumer confidence. Meanwhile, Ryanair predicts that fuel prices will remain high until 2027, and that short-haul fares in Europe will 'rise significantly' to reflect the increase in costs. The company expects a jump of about £1.7 billion in its fuel expenses for 2027-2028. The bottom line: Israeli travelers are expected to pay more.