Flying somewhere for the holidays this year? Chances are you're paying more—in some cases, a lot more—than for the same flight last year.
USA Today reports that a recent study by Sabre Airline Solutions reveals flights between December 23 and January 2 are selling for about eight percent more today than they did over the same period a year ago. The paper also notes that "in some pockets of the USA, people are paying considerably more than eight percent above last year."
The reason? More travelers are vying this year for about the same number of seats that were available last year. Greater demand equals higher fares.
Sabre calls this a "healthy and welcome sign" for the air travel industry and "tolerable" for the rest of us. Sure, if by "tolerable" they mean we're OK with prices rising at more than twice the rate of inflation.
Or, to borrow a phrase from the greatest movie of all time, "You keep using that word. I do not think it means what you think it means."
Eight percent is tolerable? "Inconceivable!"