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We have flown many times between HOU and CUN for $89 or $119 for direct flights.
Wondering why this fare has gone up so much. The cheapest we find now is $171 for a direct flight!
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All airlines charge what the market will bear. Sometimes fares also go down.
Advice would be to either buy the ticket and if fares go down, then change to the lower fare - providing you with travel funds for a future trip. Alternatively, just keep watching to see if fares go down.