The ash cloud crisis and soaring oil prices are likely to mean a 5.2% rise in air fares this year, according to new figures. And fares could go up by a further 11.5% in 2011, sending the average cost of a London to New York economy class ticket up by £62.
The figures came from a report by the Centre for Economics and Business Research produced for e-commerce company Kelkoo.
It put the cost to airlines of the ash-induced northern European airports' shutdown at around Euro 1.5 billion by the end of last week.
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