After a summer of travel chaos, our pockets might see some relief.
For most of 2022 , we ’ve been writing articles monish about the summertime toll hike for airfare , trying tohighlight dealswhere we find them andhelp travelers pilot the chaos of flying . But , like some hopefulexperts predictedearlier this yr , there seems to finally be some respite from the sky high prices . According to a report by theNew York Times , flights really are get cheaper .
Flight prices actually began their downward course in the late spring . Overall , airfare costs fell1.8 % between May to June , one of the only consumer costs to lour as rising prices overall pass arecord - setting 9.1 % . Then , between June to July , fares fell by 7.8 % . TheNYTattributes the spectacular drop cloth of jet fuel prices to the significantly lower ticket cost , couple up with the finis of the summer travel rush .
Even thehigher price of airfare throughout the yeardidn’t discourage change of location — the rising trend ofrevenge travelmeant that people were commit to flyingno matter what it cost . That gave airline additional purchase to recruit prices .
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Hopper release a reportearlier in 2022 promise that fares would decrease by the end of July — and , according to CNBC , the average price of domestic roundtrip flights dropped from $ 413 in May down to $ 375 by July 14 . In August , the average round - tripper menu is anticipate to throw away to $ 286 .
So far , airlines have had to balance the customer demand for traveling with the ship’s company ' own capability with deal a high volume of passenger . closely every major US airline hascut a important issue of flightsfrom their schedules , for adapt to famine of worker and monolithic delays at airport .
With these reduced schedules , and the on-going inflation , it ’s not likely that fares are go to go too much grim than the July price drop-off this yr . With few flights on the agenda , there may still be higher terms to make up for airlines not strive full capacity .
If and when demand die this year , air hose wo n’t be in as much of a stead to burden more for tickets . " Right now people just have money to burn , " Adam Thompson , laminitis of consulting firm Lagniappe Aviation , told CNBC . " Once people no longer have money to burn , you have to convert them they require to buy your product . "
All that being said , do n’t look everything about flying to return to normal anytime in 2022.Airline administrator predictthat we wo n’t return to pre - pandemic version of vanish until Summer 2023 .
