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Plane tickets were cheaper again in July, but that won’t last for long, economists say

Por: MarketWatch Politics August 11, 2023

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Several economists expect a jump in airfares soon, however, citing an increase in the price of oil at the end of July and in the first week of August. “With rising fuel costs, domestic carriers will seek to improve margins with fare increases,” Thomas Simons, senior economist at Jefferies, said in a note Thursday. Michael Gapen and Stephen Juneau, economists at BofA, also “would be surprised to see [lower prices] continue for a third... + full article



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