calitexscgal asked:


I think that whenever gas prices are high, airline tickets are high too, right? So if thats right then would it be smart to watch airline prices as well as prices of oil too? I just need to pay the least amount for a ticket as possible, and im wondering if this means anything.

BRYANT

13 Responses to “How is the price of Oil related to the price of airline tickets?”

1. sickskillz883 on February 1st, 2009 10:23 pm

   ELVIS

   yea it means planes run on gas, what do u think they run on water?

2. artsy5347 on February 3rd, 2009 4:03 pm

   DUDLEY

   Jet fuel goes up when oil prices rise. Jets use a lot of fuel. Jet fuel is similar to kerosene, but it all comes from fossil fuels and are processed by the same greedy companies.

3. CctbOh on February 6th, 2009 11:39 am

   MARC

   Fuel cost

4. mister ss on February 7th, 2009 8:08 pm

   JUNIOR

   sure when gas goes up the price of jet fuel goes up too and they have to charge more for the plane tickets to cover the extra cost of the fuel.

5. ALOPILOT on February 11th, 2009 4:47 am

   NORMAND

   In the short term, oil prices dont have much to do with airline prices because the tickets are bought up to a year in advance at a set price, as the number of seats available go down, the prices go up… Airline tickets are priced on the long term curve, also, many airlines “hedge” the market with fuel prices, that is, a company takes a risk to offer fuel to an airline at a set price regardless of market conditions, the airline must buy fuel from this single source, if the price of oil goes down and the airline is still paying the set rate, the oil company wins, if the price goes up, the airlines are still paying the set price and the airline wins… therefore, ticket prices can be determined ahead of time because the airlines know a year in advance how expensive the flight will be to operate…

6. lazy_dayz88 on February 11th, 2009 9:52 am

   LEROY

   Airlines need fuel to operate, they need specially formulated fuel derived from oil called Jet Fuel. When Oil production slows, Airline prices go up, when Oil production stimulates, Airline prices may drop.

7. Robert D on February 13th, 2009 11:02 pm

   DENVER

   Instead of watching oil and gas prices, buy the ticket way in advance, as far as possible, this locks in the rate. The price of fuel is for sure a factor, but for the average person to buy the ticket early enough for this to save you money just won’t happen.
   By the way, the amount of fuel for an aircraft traveling coast to coast is astounding, a few cents per gallon/ or pound, makes or breaks an airlines profit.

8. violinplayer06 on February 14th, 2009 3:59 pm

   GUSTAVO

   is not. the price of tickets depends on how close the flight is to the day that you buy the ticket. if you bought the ticket 4 months in advance it would cost less than you buying a week before.

9. lookingthrutheprism on February 16th, 2009 9:32 am

   MITCHELL

   airline tickets are always high (unless you get it in advance / a special).
   airlines need to fuel their aircraft (at the tune of about 8000 gallons) and they dont sell every seat.
   maintenance is also high (even though jets are long hour engines ) engines can cost a few million.

10. Bruce T on February 17th, 2009 8:13 pm

    COLE

    Try to fly the discount airlines, i.e., JetBlue, AirTran. If you cannot do this Delta with there problems are offering very good pricing, just pay with credit card for your protection. Southwest is also best on pricing for the larger airlines.

    Discount airlines have the right idea, quantity over price. In other words, I will get more to travel due to lower fairs, and it works.

11. samisam on February 18th, 2009 4:32 pm

    RUBIN

    It can affect the costs up to %20

12. 4x4hover on February 19th, 2009 5:05 am

    EMANUEL

    you are correct. the higher the oil price the higher the ticket because the airline needs to pay for the fuel to get you there and so they charge more.

13. AHK on February 22nd, 2009 3:57 pm

    TIMMY

    it’s related 100%…..your ticket will include an amount for fuel. And if fuel prices increase like they did 2 years ago (but they have gone down lately) you will even be likely charged a fuel surcharge, ie BA charge £240 for a return long haul flight and most other carriers in Europe do similar

    So fuel is an aspect on your ticket. but then if you were driving it would be the same..in the form of higher fuel prices

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