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August 7, 2024

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August 7, 2024

Savings potential when booking flights: Price differences due to booking in foreign currencies

Amely Mizzi August 7, 2024 05:30

Air travel is often an expensive affair. This makes it all the more important for consumers to find ways to reduce costs. A recently discovered trick by the technology company Wise could help here: Many airlines allow flight tickets to be booked in different currencies, which can result in significant price differences. Wise tested this for various flights and found price differences of up to 250 euros. Wise found that significant savings are possible by choosing a different currency when booking a flight ticket. For example, a ticket from Munich to Mexico City with Iberia Air costs 1.141 euros when booked from Germany. However, if you change the region to Mexico on the airline's website, the price is 16.415 pesos, which is the equivalent of just 893 euros - a saving of around 247 euros. Wise's research showed that the price differences vary depending on the airline and route. A route from Frankfurt to Mexico City with Iberia Air resulted in a saving of around 110 euros. However, on another route from Berlin to Mexico City with the same airline, the ticket was 39 euros more expensive in euros. Similar savings were found on Air France flights from Munich to Mexico City (36 euros) and Frankfurt to Mexico City (31 euros). Examples of price differences between different airlines: Important tips for travelers: Travelers should compare several currencies when booking flight tickets. It is advisable to check the exchange rates carefully to ensure that you are really making a saving. In addition, credit cards and accounts with low exchange rate fees should be used.

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Viennese people like to stay at home in summer

Amely Mizzi August 7, 2024 05:05

A new study by the Vienna Chamber of Commerce and SME Research Austria shows that two thirds of Viennese people enjoy their summer holidays at home. "Their own four walls are the most popular holiday destination for Viennese people," says Markus Grießler, Chairman of the Tourism and Leisure Industry Division of the Vienna Chamber of Commerce. On average, Viennese people take 15 days of holiday, with a third spending their holidays entirely outside the city, 47 percent partly in Vienna and partly elsewhere, and 20 percent staying at home completely. Of those who travel, 55 percent go to other Austrian states, 47 percent to the Mediterranean, and 13 percent to long-distance destinations outside Europe. Leisure activities in Vienna are also varied: 65 percent meet up with friends or family, 52 percent enjoy food and culinary delights, 46 percent visit parks and gardens, and 43 percent go hiking in nature. Visits to beer gardens and outdoor pools are also popular. In the summer heat, 58 percent use the morning and evening hours to leave the house, 41 percent buy ice cream and 35 percent visit outdoor pools. Air-conditioned places such as museums and cinemas are used by 21 percent. To avoid the daily grind, 61 percent take more time for hobbies and 41 percent consciously switch off from work. The most common sources of information for leisure activities in Vienna are the Internet (77 percent), personal environment (45 percent) and newspapers/magazines (34 percent). WIFO expert Oliver Fritz confirms that Vienna offers many recreational opportunities even in international comparison and therefore represents an attractive vacation alternative for its own residents.

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Misleading advertising: Wizz Air receives hefty fine

Jan Gruber August 7, 2024 04:31

Wizz Air, one of Europe's leading low-cost airlines, is currently facing significant challenges. The Hungarian Competition Authority has fined the airline EUR 770.000 for making misleading statements about its automatic check-in service. This communication was intended to encourage customers to purchase more expensive packages, which was deemed to be a breach of the professional duty of care. The Hungarian Competition Authority concluded that Wizz Air misled its customers by misrepresenting its automatic check-in service. Customers were tricked into booking more expensive service packages that they may not have needed had the information been clearer and more honest. This practice breaches the professional duty of care, which requires companies to provide their customers with fair and transparent information. Profit warning The imposition of the fine comes at a very unfortunate time for Wizz Air. The airline has already had to revise its profit forecast for the current year downwards. This is a result of several factors that have affected the company's financial stability. In the first quarter, Wizz Air's operating profit fell by 44 percent, mainly due to engine problems and additional costs from wet lease contracts. These contracts have become necessary to minimize flight cancellations and delays, but result in significant additional costs. Despite an impressive load factor of 93,8 percent in July, Wizz Air had to cancel one percent of its scheduled flights worldwide. This led to a drop in passenger numbers to 5,9 million. The cancellations and the resulting inconvenience for passengers cast a further negative light on the airline's current situation.

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Eurowings reduces Hamburg-Graz

Jan Gruber August 7, 2024 04:02

The Lufthansa subsidiary Eurowings will fly less frequently between Hamburg and Graz in the 2024/25 winter flight schedule. The carrier currently offers up to four rotations per week on this route. With the start of the 23/25 winter flight schedule period, Eurowings will reduce the number of weekly rotations to two. The current plan is to fly four times a week again in summer 2024.

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