Ticket prices for air travelers headed out of DFW International Airport and Dallas Love Field have already plummeted more than 28% from the summer travel peak, but analysts warn that airfares could spike again heading into the holidays.
Wednesday’s Consumer Price Index report showed that nationwide airfares dropped 7.8% in July from the month before. That’s still 27% higher than a year ago, but an improvement from what consumers were paying in the spring as they were snatching up tickets for long-awaited summer trips, according to travel site Hopper.
In fact, prices for air travel are down 25% from the peak in the spring and are expected to decline more over the coming weeks as schools restart, the summer travel season wraps up and the airline industry enters one of its slowest seasons of the year.
