Overview
The world is a strange place these days. I won’t spend too much time dissecting the ever-growing list of wars, political shifts, cost-of-living issues, capitalistic failings, and natural disasters plaguing our planet, but they all play a factor in what I am going to talk about: why our flights are getting so expensive.
To be clear, flight costs have been rising for years. But this year, if you’ve searched for flights and felt a mild sense of financial panic, you’re not imagining things. Some outlets suggest that international rates have soared as much as 40%, with domestic flights going up by 27%. That’s a hell of a big jump if you’re looking at booking some summer or even late-year travel.
But why is this happening so aggressively? And is there anything we can do about it? Let’s try to get some answers that can help prevent you from paying more than you need to.
Why Are Costs Going Up?
Fuel costs are putting pressure on airlines
Fuel has always been one of the largest expenses for airlines (about 30-40% sometimes), and when prices rise sharply, carriers typically have two choices: absorb the additional costs or pass them on to customers.
Historically, airlines have attempted to shield travelers from short-term fluctuations in fuel prices. But sustained increases quickly eat into profits, especially during peak travel periods when airlines are operating large schedules.
Jet fuel prices have risen drastically in recent months as global energy markets navigate an increasingly volatile landscape. Of course, this volatility has been sparked primarily by the ongoing conflict in Iran. The Straits of Hormuz, which Iran controls, is one of the most significant shipping lanes on the planet, supporting almost 35% of the world’s crude oil.
While the conflict continues, fuel prices are likely to stay up, and airlines are just as likely to pass on those costs to the consumer, especially considering demand isn’t necessarily faltering.
Summer demand is back in full force
Summer has always been the most expensive time of year to travel, and 2026 appears to be no exception.
Unlike business travelers, leisure travelers tend to have limited flexibility. Families are tied to school holidays, and many workers schedule their annual vacations during the same few months. That creates a concentrated zone of demand that airlines know they can capitalize on.
For this reason, in any given year, you can expect fares to rise during the summer. But combined with the fuel crisis and the fact that demand is still pretty strong (possibly as a long-running consequence of Covid), it’s driving costs even higher.
High demand and high costs mean no discounts.
What Can Be Done?
Don't wait too long
Many travelers develop booking habits based on previous experiences or travel urban legends. One of those habits is waiting until a month before a flight or even closer to book. It’s a fair assumption that airlines may cut costs at the last minute to get people in seats.
But this year may be different.
There are a lot of variables. In theory, negotiations between the US and Iran may go well, the crisis ends, and fuel prices settle somewhat. In this case, you’re vindicated, and you get to enjoy your flight for far less than your fellow passengers who booked early. But if talks stall and this trend continues, things might get worse. There’s no guarantee things will settle, and you’ll be left paying even more than you’d anticipated before.
If you know your travel dates, booking sooner rather than later may be one of the easiest ways to save money. If you can do it with a refundable option, even better. That way, if prices do drop considerably, you could try to cancel and rebook with the lower rate. But for now, it’s just risk mitigation.
Stay flexible with airports
Many travelers automatically search from their nearest airport without considering alternatives. This can be a big mistake even when flights aren’t surging like crazy. Obviously, don’t push things beyond the realm of common sense, but if you’re in New York City and don’t check Philadelphia or Boston, you’re potentially missing out on a lot of savings opportunities. This is especially true when you’re using points.
You’ll need to consider the cost of getting there, but if you can rent a car, or grab a bus or train for less than the difference between ticket costs, you’re in good shape.
Stay flexible with destinations
I could just write “stay flexible in general”, and it would cover all this, but I’ll break it down to be clear. In much the same way as being flexible with your airport is handy, being equally flexible with destinations is an even bigger hack.
If you’ve been promising someone a specific Paris trip for years, okay, you’re in a bit of a pickle. But if you’re just wanting to explore somewhere new, set the search parameters to “anywhere” and pick the cheapest destination that interests you. Follow the deals.
Consider midweek travel
This won’t be quite as effective during the summer as other times in the year, but flying midweek can save you at least a little compared to the weekend. The reason for this should be obvious…less demand means lower prices. Above it all, it stems back to flexibility.
Use your points
If ever there was a time for points to be useful, it’s now. I won’t lie, with most airlines using dynamic systems, there will be less opportunity overall to get brilliant value, but honing in on award chart systems like Air Canada Aeroplan or American Airlines’ partner chart could save you literally thousands of dollars. And even if the redemption isn’t a crazy 4 cents per mile valuation, it’s still doing a lot for you.
Include points in your searches, and apply the same flexibility we talked about earlier, and you’ll be golden.
If you don’t have any points…well, you’re in the right place.
Set fare alerts
One of the easiest ways to monitor pricing is by setting alerts through tools such as Google Flights or Hopper. Rather than checking prices manually every day, you’ll receive notifications when fares change.
Better yet, you could sign up with Dollar Flight Club and have a text sent straight to you when a brilliant deal for your desired destination pops up.
The Bottom Line
Airfare is becoming more expensive this summer, driven by a combination of rising fuel costs, strong travel demand, and airline pricing strategies that increasingly favor higher yields over discounting. It’s tough, but there are steps you can take to help fight back against high fares. Above all, be flexible, then get creative with how you book your travel. There’s still hope out there.
- Best for: Air Canada travelers
Chase Aeroplan® Credit Card
Earn 60,000 points
Offer Details:
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Why we like it
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Reward details
3X points for each dollar spent at grocery stores, on dining at restaurants, and Air Canada directly
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Pros & Cons
Pros
Excellent introductory offer
Approachable annual fee
Free checked bags on Air Canada flights
Automatic elite status
High-earning rates
Super-valuable loyalty program with loads of partners
Cons
Value is limited by the inability to transfer points
Under Chase’s 5/24 rule
Some perks only useful for regular Air Canada customers


