Spending on US air travel drops $1B in April as prices rise

Posted 4 days ago

From WWW.FOXBUSINESS.COM

Consumers are becoming increasingly more hesitant to purchase airline tickets as spending dropped by more than a billion dollars in April.

Last month, online spending for domestic flight bookings totaled $7.8 billion, a 13% decline from the $8.8 billion spent in March, according to new data from Adobe.

Overall, bookings declined by 17%, according to Adobe.

Online spending was still 23% higher compared with April 2019, however, bookings were only up 5%. The wide gap, according to Adobe, underscores how consumers have been shelling out "considerably more for the same amount of service."

From March to April, prices alone increased 8%.

April's prices were also ... (Read more)