BUSINESSBUSINESS INSIDER
An Iran peace deal won't lower airfares anytime soon, analysts say
Aviation analysts say airfares are unlikely to decrease despite falling oil prices following a US-Iran peace deal, citing strong demand and airlines' focus on maintaining pricing power. Airlines have raised fares and checked-bag fees to offset fuel costs, with CEOs indicating no plans to reverse these increases even if oil prices continue to decline.
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- The peace deal is in the price: Goldman Sachs lowers its oil-price target to market levels
- Higher prices for gas, groceries and flights will likely outlast the Iran war
- U.S. oil prices decline as hopes grow for a peace deal arriving soon
- Higher prices for gas, groceries and flights will outlast the Iran war, experts say