Jet fuel prices have dropped 40% — but ticket prices have stayed the same

Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleJet fuel prices have significantly eased, falling 40 per cent from their April peak, after an earlier surge caused by the conflict with Iran. Despite the drop in fuel costs, airlines have not passed these savings onto air travellers, maintaining high ticket prices. Airfares had previously risen eight times, leading to domestic round-trip tickets costing nearly $100 more by May compared to the previous year. Airlines attribute the sustained high prices to strong travel demand and a tighter market, partly due to the collapse of budget carrier Spirit Airlines in May. Executives justify the fare increases as a necessary correction, noting that consumer airfare prices had previously fallen, though the long-term willingness of travellers to pay these prices remains uncertain. In fullJet fuel prices are down 40% in three months - but ticket prices haven’t droppedMore bulletinsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in

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