Why airfare is going up and a few ways to save money
A rapid increase in demand for air travel in the wake of the pandemic is a major cause of the price hikes, according to Steve Carvell, a finance professor and academic director at Cornell’s Center for Real Estate and Finance.
Fuel for the planes isn’t cheap either. Jet fuel hit its highest price of all-time last year, according to the U.S. Energy Information Administration.the first Black woman “Loyalty is key,” she says. “I am super loyal to airlines and when you’re loyal to them you end up getting perks like upgrades and luggage for free.” Nabongo says she saved over $4,000 in luggage fees last year when sticking to Delta—which has hubs in both Detroit and Los Angeles.
Berg says booking with third party sites, also known as online travel agencies , like Hopper makes finding the cheapest deal easier because their platform does the heavy work of monitoring air routes that could be cheaper than what any individual airline would offer.
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