USA TODAY: Airline stocks are soaring as jet fuel prices plummet, but don’t expect those savings to be passed on to fliers in the form of lower fares.
Investors are betting on fatter airline profits as a result of OPEC’s decision to keep its production levels steady in the face of a world oil surplus. That’s expected to push the price of jet fuel and other petroleum products even lower in the weeks ahead…
The current dip in the cost of fuel might not have an immediate impact on every airline’s bottom line. Some carriers hedge against surprise hikes in fuel costs by buying it in advance at a set price. That’s helpful if prices later soar, but not so much when prices dip… (more)
