You need to pay more to travel now, but there's a reason for it

The columnist’s travel buddies enjoying their time at Iguazu Falls in South America. Flight tickets to the continent has increased by 60% to 150% today. — Apple Vacations

The biggest “winners” to emerge from the coronavirus pandemic, as well as the Russian-Ukraine war, are those in the logistics industry. Specifically, marine shipping and the aviation industries. Today, these two logistics sectors have plenty of reasons to charge exorbitant transportation fees. This in turn increases the production costs of consumer and luxury products, and services by at least 30%.

That said, though, the transportation logistics service is an industry that necessitates enormous sums of operating capital. In addition to massive borrowings for the acquisition of large fleets of ferries and aircraft, astronomical insurance and maintenance costs are also inevitable.