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Airfares Stay High Despite Falling Fuel | Business and Finance News
Description
Airfare prices aren’t dropping anytime soon—even as jet fuel costs ease, airlines are still charging way more than last year, with domestic flights up 24% and international up 16%. Strong demand and travelers’ willingness to pay are keeping fares high as airlines try to recover from earlier fuel spikes. While international fares hit a 13-week low and domestic prices a 5-week low, August looks promising for cheaper domestic flights. Big discounts may only come if planes start flying half-empty—so set price alerts and book Tuesdays for the best deals.
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