Higher Oil Prices Higher Airline Ticket Prices

Submitted by Craig Strzelecki on 25 April, 2006 - 21:03

With the recent oil price highs comes consequences... Higher Prices for Airline Tickets

With the recent oil price highs comes consequences, with oil prices at their record highs leading to higher petrol costs in the coming weeks, expect to pay a little extra when travelling overseas. With analysts forecasting oil to stay above US$60 a barrel, expect the cost of an airline tickets to escalate as airlines bump up their fuel surcharges. On the other side of the business, airlines are finding cheaper and more efficient ways of doing business. The future of the airline industry lies in airlines transforming to a low cost strategy with more code-sharing and consolidation.

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