In addition, the price of jet fuel, which had spiked to a high of $4.16 per gallon following Russia’s invasion of Ukraine in early 2022, fell to an average of $2.86 per gallon by the end of July 2023, according to“Prices have seen considerable improvement over the last year, and are currently 27% lower than at the end of July 2022,” Berg writes, adding that it’s all relative.
Hopper is forecasting that airfares will slowly creep upward throughout autumn, staying below 2019 levels until late November, when they will nearly match pre-pandemic levels through Christmas. Domestic fares will peak over the holiday period at around $283 per ticket as travelers book last-minute Thanksgiving and Christmas trips.
Looking to leave the country? Getting to Europe is considerably cheaper now compared to peak summer. A good deal for a roundtrip flight to Europe is averaging $813, which is 7% higher than pre-pandemic fares but significantly cheaper than early July, when airfare from the U.S. to Europe was averaging a hefty $1,371.
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Source: Forbes - 🏆 394. / 53 Read more »