While it may seem like the price at the pump continues to rise beyond belief, many individuals and families are looking to get away from it all. However, curbing road trip vacations in favor of cheap flights to sunny beaches may no longer be the answer. Airlines are feeling the pinch when it comes to fuel prices and are inevitably passing along those increases in airline travel prices to consumers.
With spring break and summer holidays just around the corner, families and individuals are solidifying plans and booking tickets while arranging accommodations and rental cars. Most people checking out initial online prices may be surprised at the numbers that they see. According to professionals within the industry, fuel costs remain an airline industry’s single largest expense. So when it goes up, the overall ticket price is bound to go up. Jet fuel costs reached a record high in 2011 and continued to climb in 2012.
Airlines defend these hikes and claim they are continuing to do their best to keep costs down for the consumer by practicing energy-efficient operating procedures. However, even their best efforts are difficult to combat a 268 percent price increase in jet fuel from 2000 to 2011.
Many travel websites are claiming that even though airline travel prices are going up, they are still seeing consumer sales. In fact, some websites report that increases in sales are outpacing increases in price growth. Families and individuals are obviously still determined to enjoy their spring break or summer holiday.