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Flight prices soar in May amid growing travel demand

By Shubhangi Mathur - Jun 14, 2022, 08:35 PM ET

Last Updated - Mar 04, 2024, 03:15 PM EST

Bookings were down by 2.3% in May due to increased fares

• Bookings were down by 2.3% in May due to increased fares

Prices for domestic flights in the US were 30% higher in May than 2019 amid growing travel demand, according to an Adobe report published Tuesday.

Consumers spent $8.3 billion on domestic tickets last month, an increase of 6.2% from April.

As a result, bookings were down by 2.3% on a monthly basis, showing the impact of elevated prices.

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Flight prices soar in May amid growing travel demand

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