Shafaqna English– Even though jet fuel prices are soaring due to the Iran war, disrupting global travel, an elite class of CEOs, celebrities, and sports stars is flying private more than ever to glamorous events such as the Monaco Grand Prix and Cannes.
Industry observers say this trend reflects the so-called “K-shaped” economy visible across consumer markets from luxury goods to dining: high-earning travelers are spending more, while middle- and lower-income groups cut back, leaving budget airlines particularly under pressure.
Source: Reuters