SEATTLE — Planning a summer getaway could cost more this year as airfare climbs amid rising fuel prices tied to global tensions.
Travelers are already bracing for higher ticket prices heading into the busy summer season. The ongoing conflict in the Middle East has sent oil prices soaring, topping $100 a barrel. That has driven jet fuel costs up quickly, nearly doubling in just over a month.
Airlines say fuel makes up about 30% of their expenses, and those increases are starting to show up in ticket prices.
Brian Kelly, founder of the travel site The Points Guy, urged travelers not to wait until the last minute to book.
“Well, you know, gasoline has spiked. That almost goes up immediately, but airfare has only gone up about 15%. So there’s still a lot to go up, unfortunately. So my tip is book your airfare. Now we’re going to see a lot more surcharges. And even JetBlue this week announced they’re going to be increasing fees as well, like checked baggage. So there’s more to come. So I would say lock in prices now,” Kelly said.
Kelly said trips in June and July will be the most expensive. Domestic travel is also rising, with FIFA World Cup travel demand affecting North American cities, including Seattle. Long-haul flights and shorter trips are being sold out completely.
Airlines are reporting that because of fuel increases, they need to raise fares about 20% more than current prices to make up for the jump in costs.
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Experts recommend booking early, using points when possible, and staying flexible to avoid the highest prices. Travelers are also advised to start tracking fares now and be ready to book when prices dip, as waiting could mean paying more while fuel costs and demand continue to climb.
