Summer Skyrocket: Airfare Surge Amid Fuel Crisis

0:00It's April 23rd, I'm Cory with the story. This is California News Today, driven by AI. Air fares are soaring this summer, hitting travelers right in the wallet because of skyrocketing jet fuel prices tied to the conflict with Iran. After the U.S. and Israel struck on February 28th, oil costs jumped, pushing ticket prices up nearly 15% in March compared to. Last year, experts like airline analyst Henry Hartavelt are sounding the alarm book, your trips now before prices climb even higher. Jet fuel, which makes up 25% to 30% of airline costs, spiked more than $2 a gallon earlier this month and shows no signs of dropping. Travelers are feeling the pinch as major carriers like United, American, Delta, JetBlue, and Southwest hike fares by 15% to 20% and. Jacob bag fees to offset the damage, demand stays hot so waiting won't save you cash. United CEO even revealed their slashing flight volume by 5% this summer to cut losses

1:02from the fuel crunch while others trim, unprofitable routes. Smart folks might shift plans to later in the season when crowds thin out and fuel odds stabilize. Bottom line, if summer skies are calling, lock in those deals fast. Delays could cost you big as this fuel fire keeps burning.