High airfares could stick around even if jet fuel prices fall

The briefing

Major U.S. airlines warn that travelers may continue facing elevated airfares even if oil and jet fuel prices drop. Following steep fuel price spikes driven by global conflicts and refinery disruptions, carriers have implemented capacity cuts and fare hikes to offset operating costs. Industry analysts note that airline scheduling practices and fare structures mean passengers will feel the effects of recent price volatility for months to come.