Domestic flight prices have rocketed 47% since January — eclipsing pre-pandemic levels of 2019 — because of pent-up demand following COVID lockdowns and surging fuel costs, experts said…
Soaring airline prices are forcing some travelers to pull back on booking flights heading into the busy summer travel season, according to a report.
The higher fares caused bookings to dip 2.3% in May on the heels of a 17% drop in April, according to Adobe Digital Insights, which measured consumers transactions from six of the top 10 U.S. airlines. In May, consumers spent 29% more on tickets than they did in May 2019 and bookings were up 4.4% over the same time period. Year to date, they have spent $37.1 billion online for domestic flights — or nearly double what they spent in the first five months last year.
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