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Although fuel prices have declined by 24.3% since this time last year, they have risen 8.4% between June 21 and July 21 of this year and 2% between July 14 and July 21 of this year.
“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 ...
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.
The IATA expects RPKs to be down by half from 2019 except in North America, down by 36%; for $314 billion lower revenues, a 55% fall. The association forecast air travel to lag economic recovery by up to two years: air traffic in 2021 would still be down by 24% from 2019, and a return to 2019 levels would happen by 2023–2025.
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.” ...
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.