Skip to content
Wealth
Living

Soaring Airfares Shock Travelers After Pandemic Bargains

Rising fuel costs and high demand are forcing airlines to raise fares for customers, who are already struggling with widespread inflation. 

Travelers wearing protective masks stand in the TSA line at Ronald Reagan National Airport in Arlington, Virginia.

Travelers wearing protective masks stand in the TSA line at Ronald Reagan National Airport in Arlington, Virginia.

Photographer: Stefani Reynolds/Bloomberg

After two years of a pandemic, all they wanted to do was take their long-delayed trips. Then flight prices surged. 

The much-awaited easing of Covid cases and restrictions is coinciding with a jump in jet-fuel costs, as Russia’s invasion of Ukraine prompted the U.S. to ban imports of Russian crude and pushed oil prices as high as $130 a barrel. That, plus higher demand for trips, means airline-ticket costs are increasing for consumers, many of whom are already facing higher prices in areas like groceries, gas and rent payments.