In the short term, oil prices dont have much to do with airline prices because the tickets are bought up to a year in advance at a set price, as the number of seats available go down, the prices go up... Airline tickets are priced on the long term curve, also, many airlines "hedge" the market with fuel prices, that is, a company takes a risk to offer fuel to an airline at a set price regardless of market conditions, the airline must buy fuel from this single source, if the price of oil goes down and the airline is still paying the set rate, the oil company wins, if the price goes up, the airlines are still paying the set price and the airline wins... therefore, ticket prices can be determined ahead of time because the airlines know a year in advance how expensive the flight will be to operate...
it's related 100%.....your ticket will include an amount for fuel. And if fuel prices increase like they did 2 years ago (but they have gone down lately) you will even be likely charged a fuel surcharge, ie BA charge Â£240 for a return long haul flight and most other carriers in Europe do similar
So fuel is an aspect on your ticket. but then if you were driving it would be the same..in the form of higher fuel prices
Instead of watching oil and gas prices, buy the ticket way in advance, as far as possible, this locks in the rate. The price of fuel is for sure a factor, but for the average person to buy the ticket early enough for this to save you money just won't happen.
By the way, the amount of fuel for an aircraft traveling coast to coast is astounding, a few cents per gallon/ or pound, makes or breaks an airlines profit.
yea it means planes run on gas, what do u think they run on water?
is not. the price of tickets depends on how close the flight is to the day that you buy the ticket. if you bought the ticket 4 months in advance it would cost less than you buying a week before.
Jet fuel goes up when oil prices rise. Jets use a lot of fuel. Jet fuel is similar to kerosene, but it all comes from fossil fuels and are processed by the same greedy companies.
airline tickets are always high (unless you get it in advance / a special).
airlines need to fuel their aircraft (at the tune of about 8000 gallons) and they dont sell every seat.
maintenance is also high (even though jets are long hour engines ) engines can cost a few million.
sure when gas goes up the price of jet fuel goes up too and they have to charge more for the plane tickets to cover the extra cost of the fuel.
It can affect the costs up to %20
Airlines need fuel to operate, they need specially formulated fuel derived from oil called Jet Fuel. When Oil production slows, Airline prices go up, when Oil production stimulates, Airline prices may drop.
Try to fly the discount airlines, i.e., JetBlue, AirTran. If you cannot do this Delta with there problems are offering very good pricing, just pay with credit card for your protection. Southwest is also best on pricing for the larger airlines.
Discount airlines have the right idea, quantity over price. In other words, I will get more to travel due to lower fairs, and it works.
you are correct. the higher the oil price the higher the ticket because the airline needs to pay for the fuel to get you there and so they charge more.