Spending on US air travel drops $1B in April as prices rise

  • 📰 FoxBusiness
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 53%

United States Headlines News

United States Latest News,United States Headlines

In April, online spending for domestic flight bookings totaled $7.8 billion, a 13% decline from the $8.8 billion spent in March, according to new data from Adobe.

Consumers are becoming increasingly more hesitant to purchaseLast month, online spending for domestic flight bookings totaled $7.8 billion, a 13% decline from the $8.8 billion spent in March, according to new data from Adobe. Overall, bookings declined by 17%, according to Adobe.

April's prices were also 27% higher compared with the same time in 2019, marking the third consecutive month when prices have risen over pre-pandemic levels, according to Adobe. Prices in March were up 20% compared with 2019, and prices in February were up 5%.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Bidens fault.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 458. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US inflation hit 8.3% in April but slows from 40-year highConsumer prices jumped 8.3% last month from 12 months earlier, the Labor Department said Wednesday. I wish it was only 8% ...
Source: FOX29philly - 🏆 570. / 51 Read more »

US: Annual PPI falls to 11.0% in April vs. 10.7% expectedThe annual rate of US Producer Price Inflation (PPI) fell to 1..0% in April, above expectations for a fall to 10.7% from 11.2% in March, data released
Source: FXStreetNews - 🏆 14. / 72 Read more »

U.S. wholesale inflation slows in April, but prices still up 11% in the past yearThe cost of wholesale goods and services rose milder 0.5% in April vs the prior month, but intense inflationary pressures in the guts of the economy showed... Could it be some corporations unwilling to roll back gains? If you’re needing baby formula and pay taxes as United States citizen, I suggest heading to the southern border or Ukraine I’m sure they’re passing out free formula there.
Source: MarketWatch - 🏆 3. / 97 Read more »

U.S. Airline Bookings Dropped 17% in April as Flights Got Even More ExpensiveDomestic fares continued to surpass 2019 levels due to a rebound in demand and more expensive fuel this year.
Source: NBCPhiladelphia - 🏆 569. / 51 Read more »

US producer prices surge 11% in April as food prices jumpU.S. producer prices soared 11% in April from a year earlier, a hefty gain that indicates high inflation will remain a burden for consumers and businesses in the months ahead. From what I've been told by some grocery store managers in Houston, Texas: 'The government's told us to raise prices.' The inflation is political: Doesn't have anything to do w/ standard of living or food scarcity. What's funnier is, people don't even have money to buy things.
Source: KPRC2 - 🏆 80. / 68 Read more »

Breaking: US annual CPI inflation falls to 8.3% in April versus 8.1% expectedThe annual pace of headline inflation in the US according to the Consumer Price Index (CPI) fell to 8.3% in April from 8.5% in March, according to the
Source: FXStreetNews - 🏆 14. / 72 Read more »