Domestic airfare prices are expected to rise 4 percent to 5 percent every month until summer 2021, said Adit Damodaran, an economist with Hopper, a travel search tool. “A lot of that is based on the vaccination roll-out,” he said.
And this increased demand might combine with decreased supply. Airlines scaled back routes and flight frequency in 2020, parking aircraft and furloughing staff. They may be slow to return capacity to pre-pandemic levels, even as bookings pick up steam.