Flying home for the holidays will cost you more this year

People still looking to book trips home to visit family or take a vacation during the holidays need to act fast and prepare for sticker shock.

Airline executives say that based on bookings, they expect huge demand for flights over Thanksgiving, Christmas and New Year's. Travel experts say the best deals for airfares and hotels are already gone.

On social media, plenty of travelers think they are being gouged. It's an understandable sentiment when government data shows that airfares in October were up 43% from a year earlier, and U.S. airlines reported a combined profit of more than $2.4 billion in the third quarter.

Part of the reason for high fares is that airlines are still operating fewer flights than in 2019 even though passenger numbers are nearly back to pre-pandemic levels.

“Fewer flights and more people looking to head home or take vacation for the holidays means two things: Prices will be higher, and we will see flights sell out for both holidays,” says Holly Berg, chief economist for travel-data provider Hopper.

Yulia Parr knows exactly what Berg is talking about. The Annandale, Virginia, woman struggled to find a reasonably priced flight home for her young son, who is spending Thanksgiving with his grandmother in Texas while Parr visits her husband, who is on active military duty in California. She finally found a $250 one-way ticket on Southwest, but it's not until the Tuesday after the holiday.

Parr figures she waited too long to book a flight.

“My husband's kids are flying home for Christmas,” she said. “Those tickets were bought long ago, so they're not too bad.”

Prices for air travel and lodging usually rise heading into the holidays, and it happened earlier this year. That is leading some travelers in Europe to book shorter trips, according to Axel...