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Summer Airfares Show Signs of Peaking on Inflation Pressure

Prices are still likely to remain higher than a year earlier

Travelers at LaGuardia Airport in New York on July 1.

Travelers at LaGuardia Airport in New York on July 1.

Photographer: Angus Mordant/Bloomberg

It’s been an expensive summer with the cost of travel, and just about everything else, going through the roof.  Now consumers are cutting back on their flights.

US airline bookings fell 2.8% in June, compared with May, based on data collected by Adobe Analytics. Online spending on tickets fell 5.7% to $7.9 billion over the same period.