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A Eurowings A320-series aircraft and Air Canada Rouge 767 in Berlin (Photo: AirlineGeeks | Fabian Behr)

Airfares May Increase Over Recent Oil Price Uptick

In past years, the cost of oil was significantly low and that was a key factor in several decisions the commercial aviation industry has taken. That relative stability is now gone, and the increasing price of fuel is pushing for airlines to review their acquisition strategy and to update fares. In the last seven months, the price of the Brent barrel rose more than 50 percent, to reach $68. There is no sign that this increase is about to slow…