US: In Houston, no fuel bonanza for Airlines
While airlines are in no rush to pass on fuel savings to passengers brought by the drop in oil prices, the Houston travel market has left them little choice. Airlines serving the US oil capital have resorted to steep discounts to lure newly budget-conscious energy executives back into the air. Crude's 70% drop in the past 19 months has made the Houston travel market a rare point of downward pressure on airline revenues. Its value, including flights, conventions and related services, was estimated at US$2.8b in 2014 in a report for the Texas governor's office. The ticket data offers more detail than carriers have disclosed about the challenges they face at Houston's George Bush Intercontinental. On average, round-trip business and first class tickets to London sold in Sept 2015 were 14% cheaper than a year earlier. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-01-29/general/us-in-houston-no-fuel-bonanza-for-airlines
https://portal.staralliance.com/cms/logo.png
US: In Houston, no fuel bonanza for Airlines
While airlines are in no rush to pass on fuel savings to passengers brought by the drop in oil prices, the Houston travel market has left them little choice. Airlines serving the US oil capital have resorted to steep discounts to lure newly budget-conscious energy executives back into the air. Crude's 70% drop in the past 19 months has made the Houston travel market a rare point of downward pressure on airline revenues. Its value, including flights, conventions and related services, was estimated at US$2.8b in 2014 in a report for the Texas governor's office. The ticket data offers more detail than carriers have disclosed about the challenges they face at Houston's George Bush Intercontinental. On average, round-trip business and first class tickets to London sold in Sept 2015 were 14% cheaper than a year earlier. <br/>
