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The flight shortage, of course, drives up prices. But increased demand for air travel compounds the problem. More people are shopping for fewer flights, which means airlines can get away with ...
Travel experts expect flight prices to drop as the summer months wane, with some predicting domestic round-trip ticket prices could drop below $300 on average this fall.
“Now that the price of oil has reached less unreasonable levels and the euro is regaining some strength, we can expect the price of jet fuel to fall in the near future,” said Alonso Marly ...
Airline ticket prices have now settled around an average of $270, ... So while I think that airfare this summer is going to be about the same as last year, there are still deals out there.” ...
What's going on with airline prices? Well, just about everything, according to Cowen Senior Research Analyst Helane Becker. Airlines: 'Costs are going up and fares are going up,' analyst says [Video]
Still, fares have come down. Airline revenue per passenger mile has declined from an inflation-adjusted 33.3 cents in 1974, to 13 cents in the first half of 2010. In 1974 the cheapest round-trip New York-Los Angeles flight (in inflation-adjusted dollars) that regulators would allow: $1,442. Today one can fly that same route for $268.