Planning a summer flight? Book now before prices surge, airline experts say.
Summary
Airline ticket prices in the U.S. have risen significantly due to higher jet fuel costs caused by the Iran war. Experts advise travelers to book their summer flights soon to avoid further increases.Key Facts
- Jet fuel prices have increased by more than $2 per gallon recently.
- Higher fuel costs now make up about 25% to 30% of airline expenses.
- The average price for a domestic round-trip ticket is $358, up 18% from last year.
- International round-trip flights from the U.S. now cost about $1,064 on average, $115 more than last year.
- Airlines like United, American, Delta, JetBlue, and Southwest have raised ticket prices and added fees for checked bags.
- United Airlines plans to reduce its flight volume by 5% this summer to cut costs.
- Airfares rose nearly 15% in March compared to the previous year, according to government data.
- Industry experts suggest traveling later in the summer may offer lower prices as demand falls.
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