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US Air Fares Reach Record Levels

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by Roger Wade  |  Permalink

August 10th, 2006

You rub your eyes and think to yourself - I *swear* that ticket was cheaper last year. By, like, a lot.

Or, you find a fare on Monday night, only to discover on Tuesday morning that it has jumped up $100 while you slept.

No, your eyes - and memory - are not failing you. US Department of Transportation (DOT) announced last week that air ticket prices have reached all time highs - surpassing their 9/11 levels for the first time in almost 5 years.

With the rising cost of fuel, and travel on the increase, don’t expect the prices to go down anytime soon - or ever. Barring any unforseen circumstances, it looks as though the elevated prices might be here to stay.



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