As of February 2026, flight prices have surged due to a combination of shrinking airline capacity and persistent economic pressures. A major driver is the global shortage of both pilots and new aircraft; supply chain delays at Boeing and Airbus have prevented airlines from replacing retired jets, forcing them to fly fewer routes while passenger demand remains at record highs. Regionally, disruptions like the IndiGo schedule meltdown in early 2026 have led to mandatory capacity cuts in major markets like India, driving up domestic fares. Furthermore, the 2026 travel season is grappling with high jet fuel costs and labor strikes across Europe and the US. With fewer seats available and higher operational costs for fuel and crew, airlines are passing these expenses directly to consumers, making "budget" travel significantly harder to find than in previous years.