Passengers wait in line at the Delta Air Lines check-in area at Hartsfield-Jackson Atlanta International Airport (ATL) in Atlanta, Georgia, USA, on Tuesday, December 21, 2021.
Elias Newaz | Bloomberg | Getty Images
Air fares are rising due to high fuel prices and strong travel demand
Customers spent 8. 8.8 billion on domestic US airline tickets last month, up 28% from March 2019 before the epidemic, where fares rose 20%, according to data from the Adobe Digital Economy Index released on Tuesday. Bookings have increased by only 12%.
One of the latest examples of high rental inflation is hitting consumers at gas stations, supermarkets and housing markets.
Airline executives are confident they can increase jet fuel for passengers who still seem willing to spend more for travel after two years of cowardly lockdown.
Delta Air Lines executives will begin the airline’s reporting season before the market opens on Wednesday and provide an overview on travel demand and fares.
According to Adobe data, for travel from June to August, online spending increased by 8% and bookings by 3% compared to 2019.