Quantcast
Published On: Mon, Oct 15th, 2018

Higher fuel costs will cause Airline tickets to cost more

High crude oil prices could fuel a jump in ticket prices for people flying during the holiday travel season, according to a Purdue aviation professor.

Yi Gao, an associate professor in aviation management for the Purdue Polytechnic Institute, said crude oil prices continue an upward trend in recent months, remaining above $70 per barrel as of mid-October. The result could have a ripple effect for airline ticket prices.

“In the last two or three years, airfare has been a little more affordable because fuel was cheaper,” he said. “But now fuel is starting to rise up little bit and airlines will use that to justify a price increase.”

 The result already has been felt with some international airlines, which have started to use fuel surcharges again to compensate for the losses.

2010 photo/Lasse Fuss

“It’s pretty difficult to forecast exactly when we will start to see the impact,” said Gao, who has studied aviation management in the U.S., Australia and China. “But it’s is possible that airfare for the incoming holiday season will be more expensive than last few years.”

Gao said travelers planning to fly during the holidays should make their plans quickly to avoid rising prices from the fuel costs.

He said fliers also should confirm the checked-in luggage allowance and fare class before booking to avoid unexpected charges.

Labor and fuel are the two biggest expenses airlines face each year in terms of cost. And while labor is relatively stable, fuel is not.

“Fuel can increase from $40 to $80 per barrel within a year or drop that much in the same amount of time,” Gao said.

Writer: Brian Huchel

On the DISPATCH: Headlines  Local  Opinion

Subscribe to Weekly Newsletter

* indicates required
/ ( mm / dd ) [ALL INFO CONFIDENTIAL]

About the Author

- Outside contributors to the Dispatch are always welcome to offer their unique voices, contradictory opinions or presentation of information not included on the site.

Tags

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Sign up for our Weekly Newsletter



Recent Posts

7 Tips for Summer Skin

May 19, 2022, Comments Off on 7 Tips for Summer Skin

Choosing the Ideal Fencing Contractor for Your Project: What Should You Look For?

May 19, 2022, Comments Off on Choosing the Ideal Fencing Contractor for Your Project: What Should You Look For?

Things to not forget about when writing an essay

May 18, 2022, Comments Off on Things to not forget about when writing an essay

How to Find the Best Pharmacy in Bronx New York

May 13, 2022, Comments Off on How to Find the Best Pharmacy in Bronx New York

What Rights do Borrowers Have?

May 6, 2022, Comments Off on What Rights do Borrowers Have?

Why do you need a Driving Licence in India?

May 6, 2022, Comments Off on Why do you need a Driving Licence in India?

How Vingo App Uses VR & ANT+ Sensors to Solve an Important Problem

May 5, 2022, Comments Off on How Vingo App Uses VR & ANT+ Sensors to Solve an Important Problem

Show Off Your Top Taste by Choosing a Non-Diamond Engagement Ring

May 5, 2022, Comments Off on Show Off Your Top Taste by Choosing a Non-Diamond Engagement Ring

Categories

Archives

At the Movies

Pin It