Airlines suffered a major crisis during the pandemic when international borders were closed, and no one was allowed to travel. In the few months since, carriers have attempted to recoup costs by enticing passengers with more affordable flights — but it seems like that may now be over.
As we head into summer, prices are expected to rise as quickly as the temperature.
Hopper has been keeping an eye on air travel prices and have worked out that airfare for a domestic flight will cost around $277 for a return trip. The figure is a 5% increase, which is expected to escalate as we reach the warmer season. Expect an average ticket to cost about $350 during the summer.
“Though prices are expected to remain lower than 2022 levels for late spring and summer, airfare is expected to be higher than pre pandemic levels, as costs remain high and demand continues to outstrip airline capacity,” Hopper stated.
What is causing the price hike, you ask? Well, it’s a solid a combination of high demand, inflation, and lower airline capacity. Talk about a triple threat…
May, for example, is expected to be super expensive, but prices are anticipated to drop somewhat as we fully enter bikini season.