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Higher fuel costs could crimp travel plans in year ahead

While spring travel plans are already 'baked in,' summer travel and the fall meeting season may be more negatively affected
CoStar Analytics
May 4, 2026 | 10:40 P.M.

The war in Iran has pushed oil and gas prices higher, driving cost increases across multiple sectors. Recent consumer price index data show that airlines have been directly affected by rising jet fuel costs that have evidently been passed on to travelers. In March, airfares were more than 14% higher than a year earlier.

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