Airline trade group CEO: ‘There will be a price increase on your ticket’
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Chris Sununu, CEO of Airlines for America, announced that airline ticket prices will rise due to increased jet fuel costs, which have doubled since the U.S. and Israel's conflict with Iran. In March, U.S. airlines spent $5.06 billion on fuel, a 56% increase from February. Airlines are trying to mitigate costs through higher baggage fees and flight cuts, but a price increase is inevitable. Sununu predicts that jet fuel prices will stabilize by late summer or early fall. The collapse of Spirit Airlines may also contribute to rising ticket prices.
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