Holiday airfares climb as jet fuel prices near a record

U.S. jet fuel prices topped $4.75 per gallon this week, close to an all-time high and nearly double the level a year ago, according to the Argus index cited by NPR. The increase is putting pressure on airline costs ahead of the busy holiday travel period.

NPR reports that Hopper estimates Thanksgiving airfares are about 30% higher than last year, while Christmas fares are up more than 20%. Airlines say demand remains steady, but analysts expect travelers to continue seeing elevated prices as carriers absorb some fuel costs and pass some on through fares.

For travelers, comparison shopping and booking earlier may help secure a fare that fits your budget, though no pricing strategy guarantees a lower rate. Check baggage, seat-selection and change fees when comparing the total trip cost, and review cancellation or credit rules before purchase. Once booked, monitor your airline’s updates and allow extra time at busy airports. If you arrange a chauffeur pickup, share your flight details and update the pickup plan if your arrival time changes.