Airfares are soaring—Here’s how you can still get a good deal:
ith summer airfares already climbing fast, airline executives have not been shy in telling travelers that prices are only going to get steeper as we head into spring and summer.that higher fuel costs would “no question” lead to fare hikes, and that the airline would add a fuel surcharge to international flights as “market conditions permit.
Damodaran correctly points out that the number of passengers screened by Transportation Security Administration officers at airport checkpoints — known asThen there’s the pilot shortage. “ In the past week, jet fuel prices have dropped more than 6% worldwide and nearly 7% in North America, according to data from the International Air Transport Association , the trade association representing some 290 airlines around the world. If that trend continues, airfares should come down, according to economic theory. “There is a little bit of lag, usually, between those fuel price and oil price adjustments and when it appears in airfare,” says Damodaran.
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