Airfare Increased 34% Year-Over-Year
Flight prices are up from this time a year ago. The average U.S. roundtrip ticket price in February 2022 was $464, signaling a 34 percent increase from $346 in February 2021. However, the 2022 total was still down five percent from the pre-pandemic February monthly average of $488.
Airlines Reporting Corp. (ARC) has revealed its latest data showing that ARC-accredited travel agency air ticket sales totaled $5.4 billion in February 2022, which marks a remarkable 253 percent year-over-year increase from February 2021.
According to ARC, the net sales total marks the highest level since February 2020 just prior to the onset of the COVID-19 pandemic when travel was essentially brought to a halt. The previous pandemic high for sales was $4.4 billion in November 2021.
Learn More Here.