U.S. Airfares on the Rise, Outpacing Inflation - KTVN Channel 2 - Reno Tahoe Sparks News, Weather, Video

U.S. Airfares on the Rise, Outpacing Inflation

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Travelers, prepare to pay more for your flight.
The average roundtrip ticket within the U.S., including taxes, has reached a little more than $509 in the first six months of this year. That's up nearly $14 from the same period last year.
Domestic airfare continues to outpace inflation, rising 2.7%, compared to the 2.1% gain in the Consumer Price Index.
An Associated Press analysis of data from Airlines Reporting Corp. shows that airfare has gone up 10.7% in the past five years -- after adjusting for inflation.
Airlines Reporting Corp. says prices are going up because more people want to fly but the number of seats has been reduced. And the company says the trend is likely to continue for the near future.  (AP)

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