November 9, 2011- Airlines have cut the number of seats available for the upcoming holidays therefore the low-fare tickets for the dates around Thanksgiving and Christmas will sell out quickly. That will leave just high priced tickets for those dates or fares for flights several days prior to or following the holidays.
The news for Thanksgiving traveling is bad in two aspects. Prices of tickets should be between 6% and 12% more than last Thanksgiving and available seats will be even more difficult to find than usual.
Because of reduced capacity, the planes will be fuller says the vice president of Expedia.com Joe Megibow. He added, “Even the middle seats will be sold out.”
Analysts are predicting over 23 million will fly in the United States during the Thanksgiving holiday season that is generally considered to be a 12-day time period. That represents a decline of 2% for 2010. The drop, officials say, is due to high unemployment rates and the weak economy.
Many passengers will be required to leave earlier and return later than usual from their holiday trips if they hope to find reasonably priced airfares. As airlines struggle with increasing costs, they have cut capacity.
Jet fuel has increased in price close to 40% from last year, costs of labor have continued up and many are concerned the Obama Administration will increase taxes the airlines must pay.