Sharp Drop in Airfares Cheers Inflation-Weary Travelers
Source: New York Times
Airfares to many popular destinations have recently fallen to their lowest levels in months, and even holiday travel is far cheaper than it was last year, providing some welcome relief to consumers who have been frustrated for months by high prices for all manner of goods and services.
The glut of deals suggests that the airline industry’s supercharged pandemic recovery may finally be slowing as the supply of tickets catches up and, on some routes, overtakes demand, which appears relatively robust.
Consider the fares that Denise Diorio, a retired teacher in Tampa, Fla., recently scored. She spent less than $40 on flights to and from Chicago and paid just $230 for a round-trip ticket from New York to Paris and back, a trip she plans to take this month.
“I’ve been telling all my friends, ‘If you want to go somewhere, get your tickets now,’” she said.
Read more:
https://www.nytimes.com/2023/11/14/business/air-fares-falling-deals.html