In 2012, airfares should continue to soar
Travel industry experts say that even before turmoil in the Middle East drove oil prices higher, airfares were headed skyward. (Jan. 20, 2011) Credit: AP
Airlines were walloped by rising oil prices in 2011 and fliers were forced to fork out more for airfares. Experts say 2012 could hold much of the same.
"We're going to see higher airfares," says Anne Banas, executive editor of SmarterTravel, an online site for travelers.
But how much higher is a matter of debate.
"Fares are probably going to inch up," said George Hobica, founder of travel website airfarewatchdog.com. He said airlines are cutting the number of seats they fly, and mergers may eliminate competition.
Internet "flash" sales or limited-run discounts and "surprise" travel deals will be increasingly popular, Banas added.
