It was nearly a month ago that Bloomberg reported summer airfares were beginning to peak on inflation pressure, and we’ve seen prices steadily come down as fuel prices tumbled in recent weeks. Return to Normal AirfaresFares largely peaked in May, when travelers began to confirm their summer travel plans. After two years of relative caution, summer 2022 was the busiest travel season since before the onset of the Covid-19 pandemic. Flight prices typically drop at the end of summer through the mid-fall as travel eases, but they could spike as the Thanksgiving and Christmas holidays approach. “Customers continue to come back to travel in record numbers,” American CEO Robert Isom said during the airline’s second-quarter earnings call last month.

Source: Forbes August 13, 2022 06:32 UTC