Runaway Airfare Inflation Is Starting To Cool Demand For Summer Travel, Data Suggests

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.

Data is so slow. Prices BEEEN expensive

Fight back with your wallet. Stay home.

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