If it seems like airline fares have increased, you’re right on the money. This May prices increased by almost 6%. That’s the biggest spike for flying cost in 15 months.
It seems the reason behind rising prices is fuel cost against the backdrop of unrest in the Middle East.
"With the turmoil in the Middle East and Ukraine, oil and other energy costs may continue to rise, which will either eat into already slim airline profits or cause fares to rise further,'' says George Hobica, founder of Airfarewatchdog.com.