Thanksgiving Domestic Round-Trip Fares Jump 31% to $402, Highest in Decade
Average U.S. domestic round-trip Thanksgiving airfares rose 31% year-over-year to $402, the highest in at least ten years, while Christmas fares climbed 23%.
Average domestic round-trip fares for Thanksgiving are up 31% year-over-year to $402, the highest level in at least 10 years. This marks the third consecutive annual increase, totaling $133, or 49%.
Since the 2020 pandemic, average domestic Thanksgiving round-trip fares have more than doubled. By comparison, average round-trip airfares for Christmas are up 23% year-over-year.
Jet fuel prices have risen 91% since the Iran war began, reaching about $4.50 per gallon and pushing up airline operating costs. Americans are facing their most expensive holiday travel season in years.
Source: The Kobeissi Letter