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Holiday Flights Soar to 10-Year Highs
2 Nov
Summary
- Holiday airfare prices are at a 10-year peak.
- Thanksgiving flights average $402, Christmas $452.
- Elevated jet fuel costs are blamed for price hikes.
This year's holiday travel is set to be the most expensive in a decade, with airfares reaching 10-year highs. Domestic round-trip flights for Thanksgiving are averaging $402, a 31% increase from last year. Christmas travel is similarly affected, with domestic flights averaging $452, up 23%.
These sharp price increases are attributed to sustained elevated jet fuel costs, exacerbated by geopolitical conflicts. International travel to popular destinations in Europe, Mexico, and Central America has also seen significant fare hikes.
Travelers facing these higher costs can still find ways to save. Experts suggest continuously monitoring flight prices after booking, as many tickets allow for refunds or credits if fares decrease. Utilizing airline miles for travel is also a recommended strategy.
