Airfare surged 20% over pre-pandemic levels as inflation hit vacations
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On Tuesday, December 21, 2021, travelers waited in line at Delta Air Lines’ check-in counter at Hartsfield-Jackson Atlanta International Airport in Atlanta (Georgia), U.S.A.
Elijah Nouvelage | Bloomberg | Getty Images
As fuel costs rise and travel demand increases, airfare prices are on the rise.
The Adobe Digital Economy Index published Tuesday’s data showing that consumers spent $8.8B on U.S. domestic airline tickets in March, an increase of 28% over March 2019, prior to the pandemic. However, fares rose 20%. Only 12% of bookings rose.
The latest example of higher fares is inflationThe affecting consumers in gas stations, supermarkets, and at home is. the housing market.
The airline executives are confident they will be able to pass the full surge in jetfuel to the travelers. This is despite two years of Covid lockdowns.
Delta Air LinesBefore the market opens Wednesday, executives will launch airline reporting season and give an overview on travel demand as well as fares.
The Adobe data shows that online travel spending has increased by 8 percent compared to 2019, while bookings have increased by 33%.
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