Airfares cool as peak summer travel season fades. Now what?

Primbondh/ November 23, 2022/ airfare

Passengers are seen at the Delta Air Lines check-in counters at Hartsfield-Jackson Atlanta International Airport ahead of the Fourth of July holiday in Atlanta, Georgia, July 1, 2022.

Elijah Nouvelage | Reuters

Flights, believe it or not, are getting cheaper.

Airfares fell a seasonally-adjusted 1.8% from May to June, according to the latest U.S. inflation data, published last week. Fares were one of the few categories to decline at a time when consumer prices rose at the fastest clip in more than four decades.

The surge in spring and summer travel — even at sky-high prices — has been a boon to airlines, driving revenue above 2019 levels even as airlines fly less than they did before the pandemic, according to recent reports from major carriers like Delta Air Lines and American Airlines.

Now the question is: How resilient will demand be after the summer peak as carriers and

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Want to book a flight but pay for it next year? Here’s how it works

Primbondh/ November 5, 2022/ airfare

Travel demand is still picking up, and so are the prices of flight tickets. 

Surging prices are causing some to cut back on spending, but others are finding new ways to pay for their holiday plans.

More airlines are partnering with “buy now, pay later” firms to give customers the option to pay for their flights in installments, instead of a lump-sum payment. Some airlines even allow travelers to fly before the airfare is paid in full.

“Consumers have grown accustomed to using ‘buy now, pay later’ in retail, and are now excited to be able to use it in travel,” said Tom Botts, chief commercial officer of BNPL firm Uplift.  

But “this isn’t about giving consumers trips they can’t afford or encouraging them to take trips they shouldn’t,” he said. “This is about helping consumers actually budget and pay for these dream trips.”

Uplift has partnered with more than

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