Analyst: Lower fuel costs could allow upgrades to airline fleets

10/30/2008 | MarketWatch

Airline consultant Terry Trippler says aging fleets are one reason airfares haven't come down at U.S. carriers, despite the sharp drop in oil prices. Trippler says the airlines need to buy new planes, in addition to spending millions of dollars to upgrade the GPS systems in existing aircraft. In addition, although oil prices appear low today, no one is sure where they are headed in the future.

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