Vacationers face a perfect storm this summer. People are venturing out again, many for their first real summer vacations since 2019...
Meanwhile, airlines haven’t replaced all of the staff they lost during the pandemic and the price of jet fuel has already doubled once this year, leading to delays and flight cancellations.
I booked a trip to Ireland in this coming September, and I'm glad I did, because I just checked what tickets are going for and the airfare for the same exact flights (Orlando/London/Belfast round trip) have doubled since I booked it.
According to a report in the LA Times (maybe not the most reputable source but take it for whats it's worth), Along with high demand for travel, fuel prices are driving up airfares this summer to the highest prices in more than five years, according to Hopper, an online travel site that analyzes prices.
“It’s going to be very crowded and very expensive,” said Brett Keller, chief executive of the travel website Priceline.
His advice: Book early, consider flying into smaller, less crowded regional airports and be flexible with the days you plan to travel.
Here's a chart, using travel industry and other data, that help explain why flights are so expensive right now - and why we’re in for a summer travel season of chaos. Bear in mind that those facts and figures are two months old, and the price of everything is up another 20% since then!
Fuel and salaries are two of the biggest expenses for airlines. Jet fuel prices this summer are roughly double what they were during the last several summers.
The result for the average traveler this summer: Fares for flights from June through August are 47% higher than in 2021 and 34% higher than in the same period in 2019.
On top of all of that, hotel prices in May were more than double what they were two years earlier and are expected to remain high throughout the summer.
Looks like, for a lot of us, stayin' the fuck home may be our only option...
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