U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Economics
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 06-07-2018, 04:59 PM
 
Location: Macon, Georgia
464 posts, read 183,702 times
Reputation: 289

Advertisements

Blame it on the rise in fuel. When the fact of the matter it's inflation at the most. The price for oil has been plunging for two weeks now.
https://mobile.nytimes.com/2018/06/0...ares-fuel.html
Reply With Quote Quick reply to this message

 
Old 06-08-2018, 07:17 AM
 
3,576 posts, read 1,828,409 times
Reputation: 3851
Quote:
Originally Posted by the tiger View Post
Blame it on the rise in fuel. When the fact of the matter it's inflation at the most. The price for oil has been plunging for two weeks now.
https://mobile.nytimes.com/2018/06/0...ares-fuel.html
The correlation between the price of oil in the past two weeks and jet fuel in the future is very little. Airlines buy jet fuel based on the futures market and if they see that price going up in 30-60 days, they raise prices.
Reply With Quote Quick reply to this message
 
Old 06-08-2018, 07:30 AM
 
Location: Omaha, Nebraska
6,316 posts, read 3,493,450 times
Reputation: 15004
^^^Plus, it's summer, which means it's vacation travel season. Airfares usually go up in the summer. More demand + same capacity means the airlines can safely raise their prices; the available seats will fill even at a higher price.
Reply With Quote Quick reply to this message
 
Old 06-08-2018, 07:38 AM
 
7,021 posts, read 6,648,933 times
Reputation: 5294
Air travel costs have been rising for a long time. They modified fee schedules to spread the costs around. The BLS uses fares to compute inflation and avoids the other data.
Reply With Quote Quick reply to this message
 
Old 06-08-2018, 10:21 AM
 
Location: Lower East Side, NYC
1,844 posts, read 1,096,996 times
Reputation: 1309
Ironically, I only take vacations in the winter and late fall, as well as the first week of Spring. If there's a holiday, I get the time off of work for free and go to another country. No way should a trip to China or the UK be the same price as a trip to Chicago. My family understands and agrees that Christmas be the only time we actually see each other.

YMMV but atm Thanksgiving prices are pretty reasonable. They'll go up soon though, by a lot.
Reply With Quote Quick reply to this message
 
Old 06-08-2018, 11:12 AM
 
3,583 posts, read 2,007,237 times
Reputation: 6227
Pricing decisions are not all cost / inflation based.
Reply With Quote Quick reply to this message
 
Old 06-08-2018, 12:51 PM
 
10,723 posts, read 20,156,038 times
Reputation: 9868
Fuel is up 50% in the last year and double what it was at the bottom two years ago. YOY air fares are down 6% or 7%. Capacity is increasing.

It's cheap to fly.
Reply With Quote Quick reply to this message
 
Old 06-11-2018, 12:20 PM
 
Location: Raleigh
7,036 posts, read 5,215,367 times
Reputation: 9508
Quote:
Originally Posted by SWFL_Native View Post
Pricing decisions are not all cost / inflation based.
Quote:
Originally Posted by wheelsup View Post
Fuel is up 50% in the last year and double what it was at the bottom two years ago. YOY air fares are down 6% or 7%. Capacity is increasing.

It's cheap to fly.
^^Bingo.^^
Reply With Quote Quick reply to this message
 
Old 06-11-2018, 06:40 PM
 
4,768 posts, read 2,273,078 times
Reputation: 8864
Quote:
Originally Posted by lchoro View Post
Air travel costs have been rising for a long time. They modified fee schedules to spread the costs around. The BLS uses fares to compute inflation and avoids the other data.
https://www.bls.gov/cpi/factsheets/airline-fares.htm

Roughly 1/5 of the sample is priced monthly (in the monthly cities) and the rest of the sample is priced bi-monthly. Prices include all applicable taxes, domestic and international. Fuel Surcharges, Airport, Security, and baggage fees are also included. Care is taken to spread pricing evenly throughout the month to give appropriate representation to price trends occurring throughout the month.


https://www.bls.gov/opub/btn/volume-....htm?view_full

In 2009, this index was adjusted to account for the imposition of new first and second checked-bag fees and for cancellation fees. Since then, this index has reflected the increasing importance of these fees. If the adjustment for new baggage and cancellation fees had not been made, it is estimated that the PPI for Scheduled Passenger Air Transportation would have been 1.6 percent lower in December 2009 than the final data indicated.3
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2018, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top