Airlines Aren’t Passing on Higher Fuel Costs to Passengers Because of Competition
Mary Schlangenstein, Bloomberg
Remember when airline CEOs argued mergers would benefit consumers because it would create more formidable competitors? It's looking like they were right — at least short term. Fuel prices are surging, and airline executives would love to raise fares. But it's hard for one airline to pass on added costs to travelers if the pack doesn't follow. For now, the pack isn't following.
15 hours ago