IATA has called on the European Union (EU) to strengthen economic regulation at European airport monopolies as charges continue to rise.
A recent IATA study has revealed that—while the cost of an air ticket remained virtually the same from 2006-2016—the portion of the ticket price taken by EU airports doubled. Passenger taxes also doubled.
Europe's light-handed Airport Charges Directive has failed Europe's travelers
Had airport charges remained constant over the 2006-2016 period consumers could have saved €17 ($20) per one-way trip.
IATA estimates this saving could have generated an extra 50 million passengers, unlocked €50 billion ($58.7bn) in GDP and created 238,000 jobs.
“Europe's light-handed Airport Charges Directive has failed Europe's travelers and its own competitiveness by letting airport charges rise,” said IATA Director General and CEO Alexandre de Juniac.
“Tighter EU regulation is needed to stop airport monopolies from taking money from the pockets of travelers to reward investors.”