Why airfares could rise even more, but airline profits won't
Airlines are trimming capacity as jet fuel prices keep climbing and travelers keep booking.
Brief by WorldPing · Original reporting by CNBC
Data from global aviation analytics firm OAG shows that airlines have scheduled 5% fewer domestic flights for the October-December quarter than during the same period last year.
However, total seat capacity has fallen by only 1.2%.
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Airlines are trimming capacity as jet fuel prices keep climbing and travelers keep booking.
Brief by WorldPing · Original reporting by CNBC