US air fares rose 4.7% in early 2026 as oil prices spiked
24/06/2026 19:21
US air fares rose 4.7% in early 2026 as oil prices spiked WASHINGTON, June 24 (Reuters) - Average U.S. domestic air fares rose 4.7% in the first three months of 2026 to $428 as oil prices soared in March due to the U.S.-Israeli war on Iran, the U.S. Transportation Department said on Wednesday.
Without adjusting for inflation, air fares in the first quarter were up 5.7% over the prior three months and up 7.7% over the same period last year.
(Reporting by David Shepardson; Editing by Chris Reese)
((David.Shepardson@thomsonreuters.com; 2028988324;))
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