Travel app Hopper reported that prices for airline tickets will start to rise next month as demand snaps back for the summer. Prices will peak at the end of May and early June.
Airfare prices are expected to rise as soon as next month as travelers finalize summer plans, according to travel app Hopper. However, they will reach their peak by the end of May. Hopper lead economist Hayley Berg reported on Tuesday that domestic round trip fares in April will average $290, which is slightly lower than last April. However, at their peak, around the end of May and early June, prices will average $315 per round-trip domestic ticket.
In terms of international travel, airfare has continued to improve "following two years of bloated prices due to quickly recovering demand, high fuel prices and supply constraints." VACATIONING ON A BUDGET? The cost of flying to most regions around the world dropped compared with last year, aside from Canada. However, fares remain higher than pre-pandemic levels "as higher fuel prices persist and airlines continue to rebuild capacity to many regions," Berg said. GET FOX BUSINESS ON THE GO BY CLICKING HERE Compared with pre-pandemic times, flights to Canada are 32% higher. Meanwhile, flights for Europe and Asia are up 10% and 44%, respectively.
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