Don't wait to book your summer travel as flight costs climb
San Francisco Chronicle • • business
Key Points:
- The ongoing war with Iran, initiated three weeks ago by President Trump, has caused a significant surge in oil prices, leading to a 68% increase in jet fuel costs and a sharp rise in domestic airfare prices, with some flights more than tripling in cost.
- Airfare price hikes are particularly impactful in high-cost living areas like the Bay Area, where residents already face higher gasoline and diesel prices, limiting disposable income for travel expenses.
- Despite rising costs, many travelers are expected to maintain their summer vacation plans, possibly opting for closer destinations or driving instead of flying to manage expenses.
- Experts advise booking flights as soon as possible with refundable options to lock in prices and maintain flexibility, avoiding restrictive basic economy fares, and considering alternate airports and airlines to find better deals.
- Travelers should also use loyalty points, check for potential disruptions on international routes through Middle Eastern hubs, and consider purchasing travel insurance for added protection amid the current geopolitical uncertainty.
