Airfare prices increase by 25 percent

CAPE GIRARDEAU, Mo. (KBSI) – The effects of inflation have been impacting Americans for most of the year.

Now those numbers are affecting travel, with airfare tickets increasing by 25 percent.

If Thanksgiving and/or Christmas travel is on your radar, be prepared to pay.

Katrina Amos with Cape Girardeau Regional Airport says things are not looking so bad in southeast Missouri, while other markets are feeling the adverse effects.

“As of right now, because we just recently switched to Contour Airlines, our ticket prices are pretty reasonable,” said Katrina Amos, Cape Girardeau Regional Airport Manager. “You can purchase flights for as low as $49.”

Currently, fares to Nashville begin at that rate, making flying out of the Cape Girardeau airport pretty affordable for holiday traveling.

With the rise of fuel prices, a natural tip of the scale when it comes to airfare costs simply is part of the equation.

“I think it’s going to affect all airports eventually,” Amos said. “When you think about that 25% increase, there’s a lot of variables that increase that price. Now the cost of fuel has continued to be high, and it hasn’t gone down very much and so that has definitely affected the airline industry as a whole.”

In April alone, airfares spiked 18.6%, according to the Bureau of Labor Statistics.

While travel demand has steamrolled back, seat capacity has decreased 6% compared to pre-pandemic numbers.

“I think we’ll be pretty reasonable over the next few months,” Amos said.

She says that even with the holidays, the airline is seeking ways to keep fliers happy, with different sales and airfare ticket discount offerings.

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