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re: Travel and Leisure- Airfares will drop to record lows this fall
Posted on 7/29/15 at 4:27 pm to Topwater Trout
Posted on 7/29/15 at 4:27 pm to Topwater Trout
Well what I'd be curious to know is the % at which ticket prices rose when the price of oil increased vs now when oil is falling. If I had to guess, airlines are making bank now because they're keeping the prices high aka the collusion the DOJ is investigating. I've been able to notice it just through looking at google flights
This post was edited on 7/29/15 at 4:34 pm
3
Posted on 7/29/15 at 4:31 pm to CuseTiger
quote:
Well what I'd be curious to know the % at which ticket prices rose when the price of oil increased vs now when oil is falling.
I bet someone a little smarter than me could put together a line graph... that would serve to piss me off.
Posted on 7/29/15 at 5:10 pm to CuseTiger
quote:
If I had to guess, airlines are making bank now because they're keeping the prices high aka the collusion the DOJ is investigating
It is laughable that the government is investigating airlines for gauging the public. This is the same government that is constantly seeking to raise taxes and fees associated airfare.
DHS just tried to push through a plan that would require you pay the TSA fee twice if you had a connecting flights vs. booking a non-stop. Outside of a small handful of airports you don't have to go through screening if you are connecting. The next time you book a flight, look at how much of your total is taxes.
Airlines maybe paying less for fuel currently, but instead of dropping prices they are re-investing in their hard and soft products. Which is something the public has also been asking for.
If price was the main contributing factor Spirit, Frontier, and Allegiant would have a lot more repeat customers.
Posted on 7/29/15 at 11:25 pm to CuseTiger
quote:
Well what I'd be curious to know is the % at which ticket prices rose when the price of oil increased vs now when oil is falling. If I had to guess, airlines are making bank now because they're keeping the prices high aka the collusion the DOJ is investigating. I've been able to notice it just through looking at google flights
Its the samething with gas stations. Price at the pump seemingly shot up over night, but now that oil is back to roughly 03/04 prices, we're still not paying 03/04 prices at the pump.
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