And the author knows this how? Does he know the purchasing routine for each airline? Like when they purchase their fuel and when they receive their fuel? Or does the author affirmly believe that because the price of oil is going down today, that the airlines simply buy off the rack at that exact moment in time and receive their fuel as if it were an email sent to him via the internet.
People have become enamored in the had to have it yesterday philosophy that they have absolutely zero sense in how real world purchases are made and then delivered. The author probably never heard of 99% of business terminology when it comes to purchasing inventory or raw goods for manufacturing.
People like this author assumes that because they can go to the grocery store and get their food now that it is that way everywhere for everything. The author may not realize the food he bought today and took home to eat at his table tonight was ordered over a week ago by said grocery store. So maybe, just maybe, the ticket prices will fall to reflect today’s current prices in the future.
He his also forgetting one other thing, this is holiday travel season when ticket prices go up anyways not because of fuel but because of demand is higher at this time of year more so than any other part of the year. Or maybe he saw that ticket prices were higher this part of the year has no clue why and just wants to whine about it. Here is the solution, buy your ticket before September when ticket prices get changed for the holiday travel season.
Demand Up Supply Down = increase in prices. Economics 101.
Exactly. The airlines probably locked in the fuel price months ago, not know they would drop. They don’t just pull up to a gas pump like we do.