CNBC·
Using miles to fly for Thanksgiving? These are the most expensive and cheapest routes
Summary
- Airline ticket prices have surged this year, particularly for holiday travel.
- Tickets purchased with frequent flyer miles for flights between major U.S. airports during the Thanksgiving period cost 32% more than last year.
- Airline executives report that demand remains strong despite skyrocketing fares.
- Airlines have largely replaced static mileage redemption charts with dynamic pricing, causing award ticket costs to fluctuate based on demand, routes, & other factors.
- The most expensive award routes for Thanksgiving include long-haul flights from Hawaii & a nonstop flight from New York to Houston.
- Jet fuel prices have surged following U.S. & Israel attacks on Iran on Feb. 28, reducing airline profits & prompting carriers to pass costs to consumers.
- Even the cheapest award routes, such as Tulsa to Dallas Fort Worth International Airport, are more expensive than last year.
Thanksgiving airfare will cost more than last year as fares rise and strong demand continues.
- Keywords
- Airlines,Travel,Transportation,Aerospace and defense industry,Business,Life,Breaking News: Business,Delta Air Lines Inc,United Airlines Holdings Inc,Southwest Airlines Co,American Airlines Group Inc,Alaska Air Group Inc,Ed Bastian,United States,iShares Transportation Average ETF,Ed Bastian,business news