Airfare in Cleveland, and across the nation, has skyrocketed in recent months, a function of increasing demand and the rising cost of jet fuel.
Nationwide, average domestic roundtrip airfare is $330, up 40% from the beginning of the year, according to Hopper.
Jet fuel prices, for example, are up about 40% since the beginning of the year, and likely account for about 10% of the increase in airfares, according to Hopper. Airline seat capacity for the summer, meanwhile, is down about 8% compared to 2019, although airlines still have the ability to adjust schedules, Berg said.
Berg’s recommendations: If you’re planning to travel this spring, buy your tickets now. “Prices will only go up,” she said. And if you intend to travel this summer, start monitoring fares now and plan to book by early May. The U.S. Department of Transportation also tracks airfares, although it looks backward at purchase prices, while Hopper typically looks forward, at airfare searches.
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