Airline Ticket Prices May Remain High Despite Potential Iran Fuel Deal
Airline ticket prices are projected to stay elevated, even as carriers anticipate fuel relief from a potential deal with Iran. This suggests that any cost savings from fuel may not immediately translate into lower fares for consumers.
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Airline ticket prices may stay high as carriers bank fuel relief from Iran deal
Airlines stand to save billions of dollars on jet fuel after an interim US-Iran peace deal sent oil prices lower, but passengers are unlikely to see immediate relief as tight capacity may allow carriers to keep fares well above pre-war levels. The United States market offers the clearest example. Fare increases still lag this year’s run-up in fuel costs, while domestic seat growth remains limited. That gives airlines leeway to use lower fuel bills to rebuild margins rather than reverse recent...
By none@none.com (Reuters)
Read full article →Airline ticket prices may stay high as carriers bank fuel relief from Iran deal
US jet fuel spot prices stood at $2.85 a gallon on June 17, down sharply from an early April high of $4.88
By Reuters
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