Why Airfares May Stay High Even if Fuel Prices Decline, According to an Airline
The carrier said 22.4% higher airline fares and an expected $2.8 billion fuel-cost increase could keep ticket prices elevated.
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Fox Business
American Airlines says airfares could stay elevated even if fuel prices drop
American Airlines warned airfares are likely to stay elevated even if fuel prices decline, as surging fuel costs drove deeper losses and an updated earnings forecast.
Fox 10 Phoenix
Why airfares may stay high even if fuel prices decline, according to an airline
Airfares may remain elevated even if fuel prices decline, as airlines work to offset higher operating costs and recover ticket prices after years of pandemic-related disruptions.
With airfares rising sharply as aviation fuel prices surge due to the war in Iran, the airline industry predicts that ticket prices will not decrease even if oil prices fall. According to the Financial Times (FT) on the 22nd (local time), Devon May, Chief Financial Officer (CFO) of American Airlines, the world's largest airline, stated in an interview with the FT, “Even if fuel prices fall, airfare prices are generally currently
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