Airline Tickets Set Record In First Quarter - KTUL.com - Tulsa, Oklahoma - News, Weather & Sports

If you flew earlier this year, chances are you spent more on your ticket. In fact, airline passengers spent a record amount, on average, to fly in the first quarter of this year.

The Department of Transportation says the average price of a domestic ticket soared to 373 dollars in the first three months of 2012. That's a nearly five-percent jump over the same period a year earlier. The previous all-time high was 370 bucks, set last spring.

But the ticket price surge wasn't a boon for carriers. U-S Airlines reported a one-point-seven-billion dollar loss for the quarter, according to an industry spokesman.