As oil prices rise, so will airfare for holiday travelers, experts say
Rising oil prices are expected to drive up airfare for holiday travelers in Chicago. Experts predict fares could increase by at least 20% over the coming weeks.
Chicago travelers planning to fly this holiday season could face higher airfare as rising fuel prices put pressure on airline costs.Fares are expected to rise dramatically in the next few weeks, according to Joseph Schwieterman, director of DePaul University’s Chaddick Institute for Metropolitan Development.“Fares a month from now will probably be at least 20% higher than now,” Schwieterman said.Average airfares were already about 2% higher over the Labor Day weekend than they were a year…
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