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Airfares have surged due to several factors, including Boeing's safety and reliability issues with the 737 and 787, leading to a significant backlog in aircraft deliveries. Airlines are also facing a substantial personnel shortage, particularly among pilots, mechanics, and staff for baggage handling and ticketing. Consequently, airlines are operating smaller schedules compared to historical levels. When comparing current travel demand, which exceeds pre-COVID levels, with a reduced number of available seats, the dynamics of supply and demand are evident. The intense demand coupled with limited supply has resulted in a notable increase in airfares.