The cost of flying is ready for takeoff, and there are few indications that the trend will curtail any time soon as ticket prices reach new highs.
The cost of flying is ready for takeoff, and there are few indications that the trend will curtail any time soon as high fuel prices, pilot shortages and booming demand push ticket prices to new highs.
Hopper's projections expect prices to increase a further 10 percent by the end of May, with average domestic round-trip fares topping out at about $360 before taking a dip as travel demand decreases with the arrival of fall. People are also reading… One trend likely to stay in the near term is a paucity of available pilots for hire in the U.S. market.
"The pilot shortage for the industry is real, and most airlines are simply not going to be able to realize their capacity plan because there simply aren't enough pilots, at least not for the next five-plus years," Kirby told ABC News."The other really large airlines will also probably be able to attract enough pilots, but for anyone else, I just don't think it's mathematically possible to meet the pilot demand for the capacity plans that are out there.
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