ATA explains why ticket prices don't mirror oil's decline

11/13/2008 | National Public Radio

Airlines have "a lot of catching up to do" after the recent spike in oil prices, a spokesman for the Air Transport Association told National Public Radio. ATA pointed out that even with the additional fees tacked on as oil approached $150 a barrel, the airline industry is still expected to lose up to $5 billion this year, proving that ticket prices never rose enough to keep pace with fuel prices.

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