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I got spoiled during the pandemic and found tons of sales with great fares to Europe. We went six times in 2022 and traveled to quite a few other places as well. Then, inflation started hitting airfare and the cost for short hops between New York and Chicago became pricey. Now it seems that ticket prices are cooling a little according to the latest Consumer Price Index Report.
The US Department of Labor released its monthly report for April today and it shows that airfare fell by 2.6% during the month after rising the two months prior. This is one of the few bright spots in the report as the overall trend shows almost a 5% increase.
While the flight you’re searching for might still seem high, bargains for summer travel are sporadically popping up and it’s expected that there will be some sales heading into the fall and winter.
Anthony’s Take: I find myself amazed at how much airlines are commanding for certain routes (transatlantic business class fares have been particularly high). Hopefully fares continue to drop a bit and get more in line with where they should be. We likely won’t see pandemic-era fire sales, but if you find a sale take advantage of it since it might not last long.
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