B · Normal
[Oil prices break through 100, extinguishing hopes of a drop in Christmas air ticket prices. Analysts recommend "buy cheap tickets as soon as you see them."] September 10th: As oil prices rise above US$100 per barrel, air ticket prices may remain high for a longer period of time, dashing the hopes of travelers who originally expected air tickets to fall during the Christmas holiday. Analysts say the recent surge in oil prices is pushing up jet fuel costs and could keep cost pressures on airlines longer. Brent crude oil rose above $102 a barrel on Thursday, hitting its highest intraday level since May 22. Airlines typically pass on higher fuel costs to passengers over time, through higher ticket prices or fuel surcharges.
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