Consumers could see cheaper flight prices by mid-next year, once the airline industry gets back to "equilibrium", according to the president of Emirates, Sir Tim Clark.

He noted Chinese tourists had not been able to spend on anything for three years because of COVID lockdowns.

"They're ready to go back — (that will) keep demand high," he told ABC News.

But thereafter prices could fall.

"I would say you will get to that (lower pricing) in the middle of next year, maybe even sooner."

Asked whether he thought airlines were holding back on ramping up capacity in order to keep prices elevated and recoup profits they lost during the pandemic, he said: "I don't believe there's any move to suppress supply to keep the prices up".

Emirates will be operating 63 weekly services to Australia by mid-year. These flights will mean that 55,000 passengers per week can travel to and from Australia's main cities.

Airlines would need to hit the "sweet spot of price" that ensures what consumers pay is "commensurate with the margins that the business needs to sustain itself".

"My view is that as soon as you start getting a restoration to equilibrium, you will start getting a readjustment of the price,"  Sir Clark said.

"If we can get some equilibrium in the oil markets, if we can get equilibrium in supply chain, etc, prices will fall and then logically, prices should come down.

"Whether they'll go down to pre pandemic (levels), I don't know."

The Dubai-based carrier has said it will restore flights on the popular Melbourne and Sydney routes to pre-pandemic levels by the middle of this year.

The airline is also restarting services to Christchurch via Sydney, to better service the popular trans-Tasman route to New Zealand's South Island.