If you thought inflation was having its way with grocery prices, the same applies to airfares.
A new study by Corporate Traveller, a division of Flight Centre Travel Group, finds that airfares between major Canadian cities have increased by an average of 14%. At least one popular route (YEG-YVR) has seen prices jump 82%, but one of the most heavily travelled routes (YYZ-YVR) also saw prices dip by 1%.
The study looked at third-quarter prices for ten of Canada's most popular routes flown by leisure and business travellers. Here’s what they found.
Origin |
Destination |
FY23Q3 |
FY24Q3 |
YOY Δ |
Toronto |
Vancouver |
894 |
984 |
10% |
Vancouver |
Toronto |
926 |
920 |
-1% |
Calgary |
Vancouver |
457 |
580 |
27% |
Toronto |
Montreal |
611 |
787 |
29% |
Vancouver |
Calgary |
474 |
565 |
19% |
Vancouver |
Whitehorse |
462 |
465 |
1% |
Toronto |
Calgary |
665 |
826 |
24% |
Calgary |
Toronto |
612 |
719 |
18% |
Montreal |
Toronto |
574 |
781 |
36% |
Edmonton |
Vancouver |
406 |
737 |
82% |
“Canadian businesses face a growing challenge,” Corporate Traveller officials, said. “Most Canadians are already aware that it’s often much cheaper to fly internationally than to a domestic destination, but for travellers who conduct their business in Canadian cities, the high price of flights have become a major roadblock for growth.”