Airfares are surging again after a months-long slump as carriers trim flights to ease a capacity glut
The latest consumer price index report showed airfares jumped 4% in July from the prior month, reversing a slump that began early this year. That’s as airlines are reducing the number of flights, easing a capacity glut, while demand has rebounded after President Donald Trump’s trade war slowed travel during the spring. Supply and demand … Read more