Airline ticket prices will increase next summer if the bipartisan budget deal is approved by Congress.
Pending approval by the US Senate, the new budget more than doubles the cost of security fees paid by travelers. Currently, the passenger security fee is $2.50 for each flight segment with a one-way cap of $5. The current security fee, originally dubbed the '9-11 security fee,' covers only 25 percent of the operating costs of the Transportation Security Administration.
Starting July 1, 2014, the new regulation would set a flat rate of $5.60 each way for a total cost of $11.20 round trip, more than double for travelers who fly non-stop, but only $1.20 for those who have scheduled layovers. Whether airlines raise prices or just tack on the fee to the ticket, the traveler will be the one who pays for this increase.
The increase to the security fee comes with no additional benefits to travelers. According to legislation, the security fees will be deposited in the government's 'General Fund of the Treasury,' to offset spending cuts not necessarily related to security.