""Volatility is the real story here," said Shye Gilad, a former airline captain who now teaches at Georgetown University's business school. "Right now, the airlines are trying to make bets on what they think will happen in the future.""
""When prices move quickly in both directions, it's very hard for airlines to make predictions," Gilad said. "That's why there's a lag between oil market moves and what passengers see in ticket prices.""
Travelers worldwide are experiencing increased fees and limited flight options due to volatile oil and jet fuel prices, exacerbated by geopolitical tensions. Airlines are cautiously adjusting schedules and prices, impacting all travelers, especially budget-conscious ones. Oil prices have fluctuated significantly, complicating airlines' ability to predict future costs. Even when oil prices decrease, travelers may not see immediate fare reductions, as airlines often take months to adjust their pricing strategies in response to market changes.
Read at ABC7 Los Angeles
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