The era of cheap flights is coming to an end - Het Nieuwsblad

Airline tickets will be much more expensive, and flight cancellations will become the new standard, says insurance company Allianz Trade in a recent report. "If a plane is underbooked, carriers prefer to cancel the flight," – says Johan Geeroms, head of Benelux risk insurance at Allianz Trade, quoted by the Belgian newspaper Het Nieuwsblad (HN).

Thanks to the low price of oil, and the growing popularity of low-cost carriers, the price…