America’s summer travel season is running headlong into the inflationary and supply-chain pressures upending many sectors of the economy — and it looks like passengers, particularly travelers on the West Coast, will be the ones footing the bill. Recently released Consumer Price Index data from the Bureau of Labor Statistics found airline prices increased 12.6% in May on a month-to-month basis. Compared to May 2021, average airfares had increased 37.8%. According to data from Hopper Inc., a provider of online travel services and data, airfare for the nation’s busiest airports are at recent highs. Data provided to The Business Journals found the average domestic roundtrip ticket at the 50-largest airports this summer is $431.
Traveling from BWI Airport this summer? It will cost more than double what it did in 2021
June 14, 2022