The summer travel season is fast approaching but for many Americans relying on airline miles and credit card points, their accumulated rewards may not stretch as far as they once did.
A surge in jet fuel prices, exacerbated by the Iran war, has driven up the cost of airline tickets and ancillary fees, making it more challenging to redeem points for desired trips. Airfares in April alone were 21% higher than the previous year, according to the Labor Department, compounding the usual summer demand-driven price increases.
