With jet fuel prices near a record, holiday airfares soar higher
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Airfares for the holiday season are expected to be higher than last year. This increase is linked to the price of jet fuel in the U.S., which is approaching a record high. Fuel represents one of the largest expenses for airlines.
If you're planning to fly this holiday season, be prepared to pay more than you did last year. The price of jet fuel — one of airlines' biggest expenses — is close to an all-time high in the U.S.
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