Flight prices are rising, and they’re not expected to come down anytime soon. At the beginning of 2022, the flight and hotel company Hopper released its quarterly Consumer Airfare Index Report. We’re now going into the second quarter, and the latest report shows prices are reaching record highs.
In its Q1 2022 Index, Hopper expects domestic airfare to reach about $290 for a round-trip flight in late March before returning to pre-pandemic 2019 prices by April, with an average of a seven percent monthly increase until May. However, by the first week of March, flights had already surpassed 2019 prices and have reached 2018 prices. Airfare rose 12 percent in February and 19 percent in March. Overall, current flight prices for domestic airfare are up 40 percent — from an average of $235 round-trip in January to $330 round-trip. In the quarter two index, Hopper expects that prices will increase by another 10 percent by May, to $360 round trip. The good news is that if you can wait to travel domestically until the fall, prices are expected to gradually decline after June.