According to Katy Nastro, a travel expert at Going.com, the future of airfare depends on a few factors.
Travelers await to bookplane ticketsare in a gilded spot mightily now . consort to Going.com ’s May inflation report , the mean airfare cost is now 19%cheapercompared to June 2022 , when airfare was at its highest . Not only that but in the last 12 months , the fair Leontyne Price of flight tickets has become 6 % less expensive .
This trend is decidedly honest news for travelers . The same report point out that the average monetary value offlighttickets is currently on a three - calendar month savings streak , undoubtedly bringing some financial relief to traveler , especially those expect to head to Europe . For example , concord to the research , flying from NYC to London in August be an norm of $ 322 .
But will this last ? harmonise to Katy Nastro , travel expert at Going.com , it depend on a few factors .
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" In general , we ’ve construe the down airfare course even long before the past few calendar month , " Nastro told Thrillist . " A down vogue has been fall out in airfare since June of 2022 when airlines could just not keep up with post - pandemic need . Since then , this ' degrade ' of airfare has steadily resulted from airfare renormalizing . "
consort to Nastro , airlines can now meet the higher need because more planes and stave are usable . However , while they truly previse a high requirement for outside travel , they expect the same interest pace on domestic flights . The latter , though , is still not high enough . " at last , the airline overvalue domestic travelling requirement and are temporarily adjust price to overcompensate , " Nastro enjoin . The savings will likely continue for a while , but as Nastro pointed out , Going.com ’s locomotion expert notice that most deals are for 2024 , not 2025 . It is , therefore , too early to make any estimation on next year ’s mediocre airfare yet .
But traveller can rest assured that , for now , prices are n’t likely to go up again . " Other than aircraft holdup that will have some impact on fare looking further into the later half of the yr , we are n’t anticipate airfare to skyrocket again like previously , " Nastro said .
