Travel insurance: Airlines 'showing increased confidence'

Thursday, 20 August 2009

Airlines may be expecting more people to take out travel insurance, pack a suitcase and hop on a plane to sunnier climes in the coming months, if new figures are anything to go by.

Statistics provided by OAG - an aviation information group - have shown carriers across the world made extra seats available to passengers this month.

There were some 314.2 million places on offer - a rise of 472,839 spots compared to August 2008.

Commenting on the findings, OAG spokesman David Beckerman stated: "The small but steady increase in seat capacity over recent months indicates a growing confidence among airlines that market demand may be returning to previous levels."

If there are a lot of last-minute winter bookings, carriers will probably boost the availability of places further, he added.

However, Mr Beckerman acknowledged the outlook for the airline industry at the moment is still uncertain.

Meanwhile, Brits who are keen to get away but looking to keep costs to a minimum may find they can secure cheap travel insurance online.

Written by Rebecca Mellor

ADNFCR-640-ID-19321493-ADNFCR

News Home

Swiftcover and swiftcover.com are both trading names of AXA Insurance UK plc, which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority