Asia Pacific airlines cheer strong recovery, increasing demand for luxury air travel

Emirates said its flights are fully booked through to the first quarter of next year.

The airline exceeded its financial expectations in the previous year, and its president Tim Clark said this year’s results look on track to perform even better due to heightened demand.

Operating capacity is not yet back to pre-pandemic levels, with about 16 to 20 of the carrier’s Airbus A380s still grounded and undergoing technical remediation.

With demand outstripping supply, ticket prices are likely to remain high.

Like Emirates, many Asian carriers are also facing the same issue of trying to get capacity back up to pre-pandemic numbers, said Mr Clark, citing Singapore Airlines, Cathay Pacific, and Malaysia Airlines.

“I’m afraid prices are likely to stay where they are until there is an adjustment of the supply-demand equation. This is a problem for the Asian markets particularly –…