US Travel Agency Air Ticket Prices Rise 33% In A Year

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July 25. Airlines Reporting Corporation’s (ARC) data for June shows that average ticket prices have risen 33% in the US market compared to just one year ago. While prices are down slightly from May, passengers continue to book more trips, especially internationally. Let’s take a look at the numbers.

For passengers, ticket prices continue surging. An average round-trip flight would set travelers back $605 in June 2022, up 33% from the previous year. This is chalked up primarily to strong demand from passengers, many of whom have not been traveling for the summer for over two years, but also due to rising input costs such as fuel and employee costs.

ARC booked 21.6 million passenger trips last month, up 23% from 2021, signaling that demand has not been impacted for the summer months despite economic headwinds. This has been reflected in airline earning’s this quarter, with the big three all reporting profits on the back of record revenue.

Source: Simple Flying

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137620cookie-checkUS Travel Agency Air Ticket Prices Rise 33% In A Year