onsumers spent $1 billion less on plane tickets in April than in March, according to a report from Adobe Digital Insights released yesterday. Amid rampant airfare inflation, it could be a sign that demand is cooling off right as we enter the busy travel season.riven by factors such as higher jet fuel prices and pent-up pandemic demand.
Consumers spent $7.8 billion on domestic tickets in April, according to the Adobe report, a 13% slide from March. Bookings are down 17% overall, according to the report. Bookings of airline tickets in April were 5% higher than 2019 levels. Because of the significantly higher airfares, that translated to a spending jump of 23% over the same month in 2019. In March, bookings were 8% over March 2019 and spending was up 27% comparatively.
April is the third consecutive month where 2022 airfares have risen over pre-pandemic 2019 levels. In January 2022, prices were 3% lower than 2019 levels. Adobe’s report suggests that airfare inflation has hit the point where it is now causing many consumers to back off of buying tickets.
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