{"id":10821,"date":"2026-07-12T15:41:28","date_gmt":"2026-07-12T19:41:28","guid":{"rendered":"https:\/\/kerryhannon.com\/?p=10821"},"modified":"2026-07-12T15:42:50","modified_gmt":"2026-07-12T19:42:50","slug":"will-airfares-come-down-soon","status":"publish","type":"post","link":"https:\/\/kerryhannon.com\/?p=10821","title":{"rendered":"Will airfares come down soon?"},"content":{"rendered":"
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As jet fuel prices surged<\/a>\u00a0this spring, airlines promptly hiked up airfares and fees.<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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Now fuel costs are drifting downward, but that doesn’t mean airfares will follow in any meaningful way soon.<\/p>\n

“Do not watch for a plunge in airfares like what’s happening in gasoline prices,” Michael Boyd, an aviation industry consultant<\/a>, told Yahoo Finance.<\/p>\n

Read on Yahoo Finance<\/a><\/strong><\/em><\/p>\n

While average airfares have declined modestly in recent weeks, according to\u00a0tracking\u00a0<\/a>firms<\/a>, they’re more than 20% higher than a year ago.<\/p>\n

Both domestic and international fares peaked in May, but flights within the US are roughly 24% more expensive than a year ago, while international flights are up 16%, according to\u00a0Kayak<\/a>.<\/p>\n

But that isn’t stopping people from hitting the skies. Seven in 10 Americans said they already are or are planning to travel this summer despite the price hikes, with only 13% indicating they’ve canceled travel, according to new Experian\u00a0data.<\/a><\/p>\n

“Jet fuel is dropping, but the indications are that the market can bear higher costs of air travel,” Boyd said. “That will be the driving pricing consideration in the future.”<\/p>\n