You Likely Won't Be Getting Cheaper Airfare, Despite Earnings Boom
Airlines reported record earnings for 2015, but travelers shouldn't expect to see lower airfare. Instead, companies are investing in newer planes.By Bell Johnson | January 24, 2016
Plunging oil prices saved airlines billions of dollars on fuel in 2015 and are expected to save them even more this year. But that doesn't mean flight prices will go down.
Airlines are using the surplus to invest in new planes instead of lowering airfare with the first price hike averaging around an extra $4. Meanwhile, low-cost airlines are taking the cheaper fuel prices and adding more routes. (Video via Frontier Airlines)