👉Statistics Canada reports a more than 14% average year-over-year decline in airfare prices in January, with a nearly 24% drop from December. The Consumer Price Index attributes the decrease to changing travel habits and reduced holiday demand. Despite being 10% higher than 2019 levels, reflecting post-pandemic challenges, airfares have consistently fallen since April 2023. Duncan Dee, former COO at Air Canada, notes the decline aligns with weakened demand due to consumer financial pressures from inflation and higher interest rates. Fierce competition among Canadian airlines, coupled with changing consumer priorities, contributes to the downward trend.✅ . 𝐓𝐨𝐲𝐨𝐭𝐚 & 𝐇𝐨𝐧𝐝𝐚 𝐍𝐞𝐰 𝐚𝐧𝐝 𝐔𝐬𝐞𝐝 𝐯𝐞𝐡𝐢𝐜𝐥𝐞𝐬 𝐅𝐫𝐞𝐞 𝐠𝐚𝐬 𝐜𝐚𝐫𝐝 𝐰𝐢𝐭𝐡 𝐞𝐯𝐞𝐫𝐲 𝐩𝐮𝐫𝐜𝐡𝐚𝐬𝐞! 𝐌𝐚𝐧𝐨𝐣 𝐉𝐨𝐬𝐞𝐩𝐡 𝐀𝐬𝐬𝐢𝐬𝐭𝐚𝐧𝐭 𝐒𝐚𝐥𝐞𝐬 𝐌𝐚𝐧𝐚𝐠𝐞𝐫 +𝟏 (𝟔𝟒𝟕) 𝟖𝟗𝟒-𝟎𝟕𝟔𝟏 𝐦𝐚𝐧𝐨𝐣.𝐦𝐮𝐤𝐤𝐮𝐧𝐝𝐚𝐧@𝐨𝐩𝐞𝐧𝐫𝐨𝐚𝐝𝐭𝐨𝐲𝐨𝐭𝐚.𝐜𝐚 𝐰𝐰𝐰.𝐛𝐫𝐚𝐦𝐩𝐭𝐨𝐧𝐞𝐚𝐬𝐭𝐭𝐨𝐲𝐨𝐭𝐚.𝐜𝐚 𝟐 𝐌𝐚𝐫𝐢𝐭𝐢𝐦𝐞 𝐎𝐧𝐭𝐚𝐫𝐢𝐨 𝐁𝐥𝐯𝐝, 𝐁𝐫𝐚𝐦𝐩𝐭𝐨𝐧, 𝐎𝐍 𝐋𝟔𝐬 𝟎𝐂𝟐 @mukkadan.joseph . . #CanadianAirfares #TravelCosts #CompetitionImpact #ConsumerHabits #AirTravelTrends #AviationIndustry #StatisticsCanada #mnm #malayalisnearmeapp #canadaupdate #canadanews