Portland holiday fares soar to decade highs amid jet fuel surge
Portland International Airport saw holiday round-trip fares climb to decade-high levels for Thanksgiving and Christmas, as airlines cited higher jet fuel prices and reduced seat availability, OregonLive. com reported. U. S.
jet fuel prices rose to near-record levels, prompting carriers to lift holiday ticket prices by 20-30 % compared with the previous year, NPR reported. Airlines have been prioritising higher fares over full flights, accepting lower load factors to protect margins, a trend noted across major carriers. Newser data showed domestic round-trip tickets for Thanksgiving were about 31 % higher and Christmas fares about 23 % higher than the previous year, driven by the same fuel-cost pressures.