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00:02Airlines expect to maintain higher ticket prices through the rest of the year
00:06as strong travel demand allows them to offset sharply higher fuel
00:10and operating costs, according to CNBC.
00:13U.S. airfare rose 26.5% in June from a year earlier,
00:18while major carriers said customers continue booking flights despite fare increases.
00:23Jet fuel prices remain about 50% higher than on February 28th,
00:27while volatility tied to the Iran conflict and shifting ceasefires
00:31has made it harder for airlines to schedule in price flights.
00:34United and American each expect fuel costs to rise about $6 billion this year,
00:39while airlines also face higher labor, maintenance, and airport expenses.
00:44Carriers have reduced schedules, limiting seat availability, and supporting higher fares.
00:49Smaller discount airlines have cut capacity or exited the market,
00:53while major airlines have expanded market share following the collapse of Spirit Airlines.
00:58Airlines said demand remained resilient
01:00as travelers continued booking flights with little to no pullback.
01:04For all things money, visit Benzinga.com.
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