Airlines hold ticket prices despite oil drop
Although airline fuel prices dropped to around $2.85 per gallon in June, airlines have managed to maintain high ticket prices, continuing to raise fees and offer additional services over recent months as part of their efforts to offset rising costs. The report indicates that strong demand for travel and airlines' limited ability to significantly increase capacity hinder a substantial reduction in prices, despite a 54% decline in oil prices compared to the previous year. Currently, the impact of lower fuel prices on ticket prices remains limited, as companies focus on boosting their profit margins.
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