Sun, 12 Oct 2008 08:30:32 GMT Now that oil prices are down, why aren’t airfares? - Miami Herald A. Fuel makes up about 40 percent of the total budgets of most major airlines. And in the past year, as the price of oil — and in tandem, the price of jet fuel — has skyrocketed and surpassed labor as their biggest expense. But since hitting a …
Sun, 12 Oct 2008 06:58:00 GMT Now that oil prices are down, why aren’t airfares? (Miami Herald) Q. Since oil prices have fallen off recently, why haven’t airfares fallen too? A. Fuel makes up about 40 percent of the total budgets of most major airlines. And in the past year, as the price of oil — and in tandem, the price of jet fuel — has skyrocketed and surpassed labor as their biggest expense.
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