http://www.timesonline.co.uk/tol/news/uk/article4412857.eceMore than five million British passengers could be priced out of the budget holiday market as airlines raise their fares, bringing the era of cheap travel to an end.
Holidaymakers preparing for the traditional summer getaway this week may find that when they come to book their next break the fares have become unaffordable.
Ticket prices are expected to rise by 10 per cent this year and next as the cost of oil pushes up airline fuel bills.
The dramatic increase in the price of oil, which has doubled in the past year, will almost certainly lead to radical changes in the airline industry once this summer season ends. Carriers will raise fares, cut the number of flights they offer and some well-known names will go out of business.