Costlier oil likely means higher prices for air travel
Every time we pull into a gas station, we see the effect of rising global oil prices. Airlines are getting a bit of sticker shock, too, when they fill their planes with jet fuel. Crude oil is up close to 50 percent in the past year, which is likely to cut into profits and lead to fare hikes.
Correction (June 5, 2018): The original version of this radio story misidentified the affiliation of analyst Jim Corridore. He works for CFRA Research.
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