Europe fares are pretty much back to normal with business class fares still trying to hang onto a bit of a premium. Nonetheless I already see the second tier Chinese airlines starting to eat into that premium as well e.g. Juneyao business class Pvg-Eu-Pvg is around $3k usd now.

This is what could also happen for us North Americans if the US DOT would do its job and protect passengers/consumers rather than the big 3’s profits.