With every decline in oil prices, the same question returns to the forefront: will travel ticket prices follow crude’s drop after the recent war and the move toward talks between the conflicting parties?
In practical terms, the answer is not so fast. An economic expert told Lebanon24 that the aviation market does not move in step with oil alone, but rather with jet fuel, operating costs, and demand for flights — and these factors are still exerting strong pressure. Therefore, any limited drop in oil is not enough on its own to push airlines to cut their prices quickly, especially amid supply disruptions and continued anxiety in the energy market.
The source added: “Current indicators do not suggest a broad or imminent decline in ticket prices. The average global jet fuel price rose to about $209 per barrel last week, while travel demand remained resilient, with global passenger traffic growing 6.1% in February and the load factor reaching 81.4%, giving companies room to maintain high prices.”
He said: “For this reason, several companies in recent days have moved to raise fees and reduce some flights instead of passing on any decline to travelers, as several American airlines have done. Accordingly, the most likely short-term scenario is that ticket prices will remain high or volatile, with limited and selective offers, until jet fuel declines in a sustained way and supplies return to clearer regularity.”
