Spending on US air travel drops $1B in April as prices rise
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Consumers are becoming increasingly more hesitant to purchase airline tickets as spending dropped by more than a billion dollars in April.
Last month, online spending for domestic flight bookings totaled $7.8 billion, a 13% decline from the $8.8 billion spent in March, according to new data from Adobe.
NO MORE CHEAP FLIGHTS: DOMESTIC TRAVEL PRICES UP OVER 20% FROM PRE-PANDEMIC LEVELS, REPORT SAYS
Overall, bookings declined by 17%, according to Adobe.
Online spending was still 23% higher compared with April 2019, however, bookings were only up 5%. The wide gap, according to Adobe, underscores how consumers have been shelling out "considerably more for the same amount of service."
From March to April, prices alone increased 8%.