“The fare environment is very good. “I think airlines have always underpriced their products. People are getting a little bit of a shock because they see prices a bit higher, but really, we’ve been behind the curve on that as an industry,” Fernandes was quoted saying in a Free Malaysia Today report.He was commenting on the current high fares charged by airlines around the world as demand outstrips supply.
“It’s not high prices, it’s real prices,” he said, adding that the current fare pricing structure had already started even before the Covid-19 pandemic back in 2019.Fernandes pointed out that after the pandemic and with people not having travelled for three years, travel’s value has also increased. “If you don’t have it for three years, you will see how important it was,” he said.