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Airfares rise 25% year over year as demand stays resilient

MarketWatch reports that despite higher ticket prices, travel demand has not softened during the summer season, indicating spending remains supported.

Reported · Written up by our desk · Fund Industry

Higher airfare prices have climbed about 25% compared with the prior year, MarketWatch reports, even as the summer travel season gets under way.

The outlet says consumer demand has so far not shown signs of slowing despite the increase in plane ticket costs.

MarketWatch frames the ongoing demand as continuing support for the broader travel economy during the peak period.

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