Airfares have jumped significantly since '05
November 26 , 2013
If you feel like you're paying a lot for plane tickets nowadays, you're right.
Recent analysis by USA Today indicated that the prices have increased by 6.5 percent since 2005. Often times, prices increase when the availability of the ticket goes down. For instance, Cincinnati's fares went up by 25.9 percent after it lost 80 percent of its domestic airline seats.
Airline mergers, leading to service cutbacks can also be blamed for the increase in prices. However, airlines still don't want to scare passengers with sticker shock.
The "industry has to be careful not to raise prices too much, too fast," a researcher said. "Air travel is still a very, very good bargain."