My investment management firm says this is temporary and will smooth back down to modest rates as capacity opens back up.
You can see it in the economic leading indicator charts. Inflation and unemployment are lagging indicators. It is like accounting tells you about the health of an airline after the quarter or year has passed. Advanced ticket sales, passenger loads, and ticket prices are leading or concurrent indicators. When they translate to accounting results later, many people are very surprised.
My investment management firm is more accurate and does better than most investment managers over its 40 year history.