With Fuel Prices Plummeting, Why Do Airfares Remain High?

Credit - Fox News

Credit – Fox News

First time in more than five years, you can actually smile when you fill up, as gas prices fall below $2.80 per gallon.

You aren’t smiling, though, when you go online or call a travel agent to book an airline ticket these days. Prices seem to know only one direction: up. It’s not just the price of the ticket, as consumers get hit with a myriad of fees that know no limit.

If you want to board early you’ll have to pay up. Want a seat that won’t crush your knees and you’ll have to pay up again. How about food? There’s a fee there too.

With airlines earning record profits this year, while their fuel costs are plummeting, you’d think you might actually get a break on your next flight. Think again…

There’s a little bit of hope on the horizon as airfares are forecast to drop in 2015, but don’t get too excited. We are looking at an average drop in fares of 5 percent after some markets have seen their fares go up by 70 percent or more over the past two years.

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