Ticket prices may increase during spring and summer break due to kerosene costs

LONG BEACH, Calif. (KABC) – It’s spring break time and summer vacation is approaching.

The airline industry has been hit hard by the pandemic and now there is another hurdle, jet fuel prices are rising.

“I just bought tickets to go to Mexico. I got a really good fare and looked at it a day later and it was over $500 for a round trip,” said Daniel Lepore, who was at the Long Beach airport on Tuesday.

Brian Sumers, editor of travel site Skift, said the recent oil surge was having a major impact on jet fuel prices.

“Fuel is a wildcard. It’s a big cost for airlines. It’s one of the two biggest costs along with labor and as the price of fuel goes up, airlines will do whatever they can to try and raise ticket prices to recoup that fuel price,” Sumers said.

With rising gas prices, some travelers say that if airfares also increase, it will be difficult to travel at all.

“I know people who just want to get out and travel with the easing of restrictions and they even want to drive, but petrol prices have skyrocketed and can they afford it or not?” said Lepore.

The International Air Transport Association jet fuel price monitor estimates that jet fuel prices as of March 4 rose more than 27% in a week, and more than 96% in a year, as prices were still recovering from the pandemic drop.

“It’s a global commodity, sometimes fuel prices go up and sometimes fuel prices go down and I don’t think it’s necessarily going to be unaffordable for people to travel next year, you’ll probably see prices of higher tickets,” Sumers said. .

Sumers says if you’re going to be booking during a time that’s usually in high demand, it’s probably best to book now.

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