Airfares up 4.2 percent in 2012

January 21, 2013 11:47:04 AM PST
The price for flights went up again in 2012, but not as steeply as in previous years.

Domestic airfares increased by 4.2-percent last year, putting the average ticket cost at $427.

In 2011, airfares rose 13-percent.

While this is good news, one travel website founder predicts any ticket price savings will be offset by more fees.