Summer travel costs are rising, analyst says book now
Summary
Airfare for domestic flights in the U.S. has increased by about 18% compared to last year. This rise is mainly due to the higher cost of jet fuel, causing travelers to pay roughly $55 more per trip.Key Facts
- Domestic airfares have gone up by around 18% from last year.
- The main reason for higher prices is the surge in jet fuel costs.
- On average, travelers now pay about $55 more for each domestic flight.
- These increases are happening ahead of the busy summer travel season.
- The news report was shared by CBS News with analyst insights.
- Rising travel costs may encourage customers to book flights early.
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