Why fuel price drops won't mean cheaper airfares
Jet fuel prices have dropped by 14.2 percent, but experts warn airfares will not decrease immediately. Airlines increased ticket prices to recover from past fuel cost hikes, and without a more competitive market or improved efficiencies, fare reductions will remain unlikely. The global average jet fuel price now sits at $119.17 per barrel, still 32.4 percent higher year-on-year.
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Summary by OZbrief Editorial · ABC News – Top stories · Source
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Published 26 Jun 2026, 20:07 UTC · Updated 26 Jun 2026, 20:20 UTC
Summary by OZbrief Editorial. Original report: ABC News – Top stories. Editorial policy · Corrections
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