It s not as if airfares necessarily increased during a time when fuel prices were higher," he said.

Robert Kokonis, president of airline consulting firm AirTrav Inc., said there are a few reasons why we haven’t seen ticket prices or fuel surcharges drop along with the price of oil, which is at a five-and-a-half year low. He said one of the most important reasons is that Canadian airlines simply don’t have to if they don’t want to, since they’re filling more than 80% of their seats at current prices.
The price of jet fuel, closely linked to the price of oil, is the single-largest expense for most airlines. In Canada, the price of fuel is rolled in with the total ticket price for all domestic and U.S. flights.
Air Canada is the only Canadian airline that adds a separate fuel surcharge for international flights, a practice it’s maintained since 2002. “Carrier surcharges,” including a fuel surcharge, were responsible for about 12% of the $1,970.16 cost of a mid-week late January flight from Toronto to Paris listed on Air Canada’s website on Tuesday.
In an emailed statement, Air Canada spokesman Peter Fitzpatrick said there are more factors at play than the price of oil. When oil falls, the Canadian dollar tends to fall with it, tempering the cost savings for airlines since jet fuel is priced in U.S. dollars.
“Air Canada aims to be price competitive in all markets, but beyond that we cannot speculate about future changes time travel theories to fares or fees,” Mr. Fitzpatrick time travel theories said. Spokesmen for Porter Airlines and WestJet Airlines Ltd. said much the same thing.
It s not as if airfares necessarily increased during a time when fuel prices were higher,” he said. “It will be a process to see how long the fuel prices time travel theories stay lower and what impact they might have on fares eventually.
John Lawford, executive director and general counsel for the consumer group the Public Interest Advocacy Centre, said Air Canada has dug itself into a bit of a hole by pulling the fuel surcharge time travel theories out as a separate fee above its base international fares. Other airlines have an excuse – for now – for keeping time travel theories ticket prices where they are, given the tempering role of the Canadian dollar and the fact airlines may be stuck in long-term contracts at a higher time travel theories price for jet fuel, he said.
Meanwhile, times are good for airline shareholders, with investors rewarding companies for padding their bottom lines with cost savings from the low price of oil. Air Canada’s share price has increased by about 69% to $12.30 since mid-October, when the price of oil started dropping dramatically, while WestJet’s shares have increased 26% to $33.79 over the same time period.
Mr. Kokonis said consumers will eventually see price reductions if the price of oil stays low. However, he predicted we won’t see savings on airfare until the third quarter of 2015 and they may not be as robust as frequent fliers would like.
Airlines went through many years of tough times,” he said. “I think they want to enjoy maybe a couple of more months where they can pocket some of the savings and build up cash flow reserves before they give some of it back.
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