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Home » Flight tickets » Prices of airline tickets will not fall for the time being despite low oil prices
Who now expects extra cheap flight tickets being able to book for example to Bangkok because of the low oil price is disappointed. It will be months before this advantage is passed on to consumers.
This has to do with the fact that airlines buy fuel long in advance and pay it in advance.
Oil prices have been falling for quite some time and are now very low at around $70, while this was still $115 a few months ago. Kerosene, the fuel for aircraft, accounts for a third of the total operational costs of a flight. The price of kerosene, like that of oil, goes down and up with market fluctuations due to supply and demand.
Consumers complain about the opacity of airline ticket prices. They do not understand that the benefit of low oil prices is not reflected in ticket prices. Especially since many airlines still charge a hefty fuel surcharge.
The expectation is that ticket prices will not become more favorable until after the summer of 2015, because the airlines' purchase contracts for kerosene will then expire.
Source: Nu.nl
The airlines have long-term fuel contracts.
They have to, because tickets are also sold in the long term.
Prices will therefore also change slowly.
Incidentally, the fuel surcharge is much too high in relation to the ticket price.
However, this has to do with the free tickets you get as a frequent flyer.
You still have to pay the fuel surcharge.
So more surcharge and less free.
I can't do much with this, or I don't understand it. A return ticket with a term of 1 month is much cheaper than a ticket with a term of 4 months. Because of the expected increase in costs, they say. Fuel is contracted for six months, right? Suppose this is all bullshit, then I expect money back on my ticket with a term of 4 months, because the costs have fallen. Or am I stupid now? Probably, but if the fuel rises then they are there like the proverbial chickens, but the other way around? Then this story comes again.
Not entirely true, I bought 2014 tickets in May 2, 1 for 2 months to Bangkok at €606 and 1 for 3 months in Bangkok at €616, so only €10 more expensive. Be sure to book well in advance due to the price.
Departure December 9 and return March 7, 2015
Good news for some of us: EVA Air and Cathay Pacific have lowered the fuel surcharge (of course, the ticket price does not go down, it is the fuel surcharge that makes the tickets more expensive or cheaper).
On the other hand, Lufthansa and Air France have had to deal with long and expensive strikes and it is now Sinterklaas for them, because they have a stroke of luck…
Heard the above from the director of the ANVR (organization of travel agencies in NL)
Not to mention the taxes that are charged at certain airports. Gerrie Recently, the price for a single outward journey ticket was higher than for a return flight. How can one justify that?
It's just a big bunch of crooks. As soon as the fuel prices go up, the tickets immediately become more expensive, but if the fuel prices fall, it is said that it will take a long time before the tickets become cheaper. They wait so long for the prices to go up again and you can guess the ticket prices then hardly drop or nothing. In the worst case, they will rise again. We are being robbed on all levels and we allow everything by doing nothing. In Belgium they flatten everything. It is about time that we in the Netherlands also do this.