As National Cheap Flight Day nears on Friday, August 23, travelers will be pleased to know that U.S. airfares are actually at historic lows this summer.
Airlines for America (A4A) points out that 2024 fares are averaging 6 percent below 2023 levels. What's more, when adjusted for inflation, airfares are down 9 percent compared to last year.
"When compared to the same month in 2023, household items have seen price increases—eggs have skyrocketed by 19.1 percent, milk has crept up by 1.2 percent and essential living expenses such as electricity have risen 5 percent, with rent climbing 5.1 percent."
"In stark contrast, airfares actually decreased by 2.8 percent," A4A wrote in a blog post.
The data should provide some much-needed perspective for Americans, many of whom have been paralyzed by the rising cost of living when it comes to planning for travel.
Additionally, major carriers are rolling out sales and specials to close out summer, including JetBlue's Big Fall Sale featuring one-way flights from just $34 and Frontier Airlines' discounted all-you-can-fly passes available for under $300.
For the latest travel news, updates and deals, subscribe to the daily TravelPulse newsletter.
Topics From This Article to Explore
