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

• Jet 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 FULL

Jet fuel prices are down 40% in three months - but ticket prices haven’t dropped