US airfares expected to stay high even if Iran ceasefire drops oil prices, experts say

Domestic flights cost 26.5% more than last year, data shows, amid demand for travel and reduced oil refining capacity Even if a lasting ceasefire between the US and Iran lowers oil prices, travelers hoping to snag cheaper airfare should buckle their seatbelts and expect continued turbulence. US domestic airfares are 26.5% higher than a year ago, according to June’s consumer price index data, and analysts say prices globally are up 25-30% compared with 2025. Continue reading...