economy

March 15, 2026

Airfares are lifting off because of rising oil prices. These tips could save you money.

March 13, 2026 / 3:38 PM EDT / CBS News

Airfares are lifting off because of rising oil prices. These tips could save you money.

TL;DR

  • Domestic airfares in the U.S. have increased by 15% to 124% due to rising oil prices.
  • Spirit Airlines saw a flight price jump from $86 to $193 for late-March travel.
  • Transcontinental flight prices have risen over 100%, with increases also noted for Caribbean, Florida, and transatlantic destinations.
  • Some airlines, like Qantas and SAS, have implemented fuel surcharges to offset higher jet fuel costs.
  • Experts suggest booking flights early, considering refundable tickets, monitoring fares, and using points or miles to save money.
  • Fuel prices constitute about one-fifth of airlines' operating expenses.

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