FARGO, N.D. (Valley News Live) – Local travel agents say people in the Red River Valley may soon have to fork out more cash to catch a flight out of Fargo. The rising prices of crude oil are a contributing factor among other things plaguing the travel industry.
According to travel booking website, Hopper, domestic airfare is projected to increase by 7% monthly through June. Experts said prices could reach and pass 2019 levels by April 2022.
Jet fuel is airlines’ second largest expense after paying all of their employees wages. The higher crude oil prices are, the more airlines are having to pay to keep their planes running.
Unprecedented staffing shortages to continue to be another hurdle for airline companies. From pilots to ground crews, not having enough people to work translates to fewer flights taking off, and prices for tickets on the flights that are running spike.
Another factor that could cause people to pay more for airfare, more people trying to travel both…