I just read that air fare rates are going up and they won't fall before the holiday travel season comes.
This has me concerned because as you all know my daughter is going to Europe this Spring. The last thing I need is to have to try and come up with more money for air fare!
Quote:
"[Consumers] are thinking that if they wait until the last minute, prices will drop, but that's just not going to happen this year," he said.
Seaney said that by his own calculations air fares are up 17% year-to-year. One of the reasons why the increase is so dramatic, he said, is because air fares bottomed out in 2009 -- along with the recession.
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My best advice, buy your tickets now if you plan to travel anytime in the near future. I am actually hoping that my daughters ticket price will be locked once I have the trip paid for. I'm not sure if thats how it works but I am hoping.