Plane fares: Flight prices set to go up due to oil hike

PLANE fares could soon increase due to mounting oil costs and pay rises for airline staff.

Wiz Air CEO József Váradi has warned that current cost pressures “could mean our fares - and those in the wider industry - move up if the cost environment changes”.

Fuel is one the biggest costs for airlines, making up roughly one third of operating expenses, according to analysts.

U.S. crude oil is now trading at about $72 a barrel and Brent crude LCOc1 topped $80 last week for the first time since late 2014.

Hungarian low-cost...
source: Express

2018-05-25 20:03
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