Time is running out if you’re hoping to book a relatively inexpensive flight over the holidays. Airlines say that demand is sky high and as a result, airfares are soaring.
For example, nonstop flights from Chicago to any of the New York airports for Thanksgiving (Nov. 22-27) are more than $500 round trip. Flights from Los Angeles to Seattle on the same dates are well above $500 round trip, too.
The potent combination has gleeful airline executives forecasting big profits for the fourth quarter of the year, on the heels of a much better than expected third quarter, in which a huge surge in summer air travel demand led the three largest airlines, American, Delta and United, to rake in a combined profit of more than $2 billion, according the airlines’ earnings reports.
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