The price of plane tickets fell 13% from October 2022 to October 2023.
But rising labor and fuel costs could lead to higher prices over the next year.
AdvertisementFlight prices are much lower than they were a year ago, but the good news for travelers won't last forever.
Between October 2021 and October 2022, airline fares increased by over 42% , according to the Bureau of Labor Statistics.
AdvertisementUnfortunately for Americans, the clock is likely ticking on lower prices.
Persons:
—, Hayley Berg, Hopper, Mike Arnot, Arnot, they're
Organizations:
Airlines, Service, Bureau of Labor Statistics, Travelers, Times
Locations:
Israel