Elevated costs for jet fuel have driven average airfare prices to a 10-year high as travelers scramble to secure seats for the upcoming holiday season. The increased expense for airlines is being passed down to consumers, resulting in steeper ticket prices for peak travel periods.
CBS News correspondent Kris Van Cleave reports that the spike in fuel costs remains the primary factor behind the sharp increase in air travel expenses. With demand for holiday flights remaining strong, carriers are unable to absorb the rising operational costs, leaving passengers to face higher fares when booking their trips.
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Is this just fuel, or are fares permanently inflated? It feels like every year gets worse.
Why do airlines never seem to eat these costs? They make billions. Something smells fishy here.
I’m already booked and it still hurts. Guess I’ll be watching the holidays from home this year.