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US air fares rose 4.7% in early 2026 as oil prices spiked

By Thomson Reuters Jun 24, 2026 | 1:33 PM

WASHINGTON, June 24 (Reuters) – Average U.S. domestic ​air fares ‌rose 4.7% in the first three months ‌of ​2026 ⁠to $428 as oil ⁠prices soared in March due to the ​U.S.-Israeli war on ⁠Iran, the ⁠U.S. Transportation ​Department said ​on Wednesday.

Without adjusting for ‌inflation, air fares in the first ⁠quarter were up 5.7% over the ⁠prior ‌three ⁠months and ​up ‌7.7% over the ​same ⁠period last year.

(Reporting by David Shepardson; Editing by Chris ​Reese)