Well, greed and the fact that free-market capitalism's willingness to self-regulate is fantastically over-exaggerated in modern society. "Fantastically" meaning it is a fantasy.
First of all, airline companies tend to pay their fuel in advance, this to prevent any loss from heavy fluctuations. (Fuel hedging)
And obviously they rather want to have consumers to pay more than they have to, though due to competition this will be slowly reduced (slower than the actually drop in oil prices). Though sadly they always manage to rise prices insanely fast when the oil price rise even a little.
Airlines have razor thin profit margins anyway so I don't see how people can call it greed or claim that capitalist, free market competition doesn't work. Rather than base claims of greediness on pure conjecture, base it on actual statistical data. Look at profit margins for major industries. Compare profit margins.
Does the oil price have direct impact on airline fuel surcharge in reality?
Since the airline fuel surcharge is still high where is the low priced oil supply going to? A greater transparency of this low priced oil supply chain end to end might be an eye opener.
Is the drop in the oil prices impacting only few nations (handful of big consumers) instead of the global consumers?
Would be interesting to know the answers to above questions now.
oil surcharge did go down... not sure why the question above
http://www.bloomberg.com/news/articles/2016-01-18/bye-bye-fuel-surcharge-holidays-in-japan-could-soon-get-cheaper
In the case of ANA it's gradually going down for flights from Japan, but has already been eliminated for flights to Japan. So in this case ANA are ripping off their Japanese customers.
Most likely because people continue to fly no matter. Still selling tickets why cut the surcharge. More stupidity of the people than greed of the airline.
I don't fly much but I did fly NRT-AKL-NRT economy on short notice for about Y165,000 in total which I think is not bad
However I do work in the freight biz & fuel rates for airlines are updated twice a month & they HAVE dropped roughly around 50-60% from say a year ago.................
Maybe JT-ers should consider flying as cargo if you want to save some $$$ haha!!
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Steve Crichton
Greed. Often associated with oil.
borscht
Companies like profits.
katsu78
Well, greed and the fact that free-market capitalism's willingness to self-regulate is fantastically over-exaggerated in modern society. "Fantastically" meaning it is a fantasy.
Sara G Daigaku
Pocket vampires!
TigersTokyoDome
Why are you asking those not in power? A large majority here who cannot vote in Japan. Why isnt this question put to government?
FizzBit
Legalized bribery
http://www.opensecrets.org/industries/indus.php?ind=t1100
NckHmml
First of all, airline companies tend to pay their fuel in advance, this to prevent any loss from heavy fluctuations. (Fuel hedging)
And obviously they rather want to have consumers to pay more than they have to, though due to competition this will be slowly reduced (slower than the actually drop in oil prices). Though sadly they always manage to rise prices insanely fast when the oil price rise even a little.
shonanbb
Capitalsim
Illyas
Airlines have razor thin profit margins anyway so I don't see how people can call it greed or claim that capitalist, free market competition doesn't work. Rather than base claims of greediness on pure conjecture, base it on actual statistical data. Look at profit margins for major industries. Compare profit margins.
JeffLee
Huh? I'm getting great fares. "Fuel" wasn't even listed as one of the added charges the last time I checked a fare to Canada.
Triring
I thought surcharge prices had dropped respectively.
garfield1275
Does the oil price have direct impact on airline fuel surcharge in reality?
Since the airline fuel surcharge is still high where is the low priced oil supply going to? A greater transparency of this low priced oil supply chain end to end might be an eye opener.
Is the drop in the oil prices impacting only few nations (handful of big consumers) instead of the global consumers?
Would be interesting to know the answers to above questions now.
Thunderbird2
Oil price goes up, ticket prices go up. Oil price comes down.... nowt.
Alex Einz
oil surcharge did go down... not sure why the question above http://www.bloomberg.com/news/articles/2016-01-18/bye-bye-fuel-surcharge-holidays-in-japan-could-soon-get-cheaper
Scrote
In the case of ANA it's gradually going down for flights from Japan, but has already been eliminated for flights to Japan. So in this case ANA are ripping off their Japanese customers.
Kabukilover
Because the greedy capitalists can get away with ripping us off.
sighclops
Yet they'll go up the nanosecond market prices go up.
bruinfan
In the US (many routes) the reason is the lack of competition due to the mergers the last 4 years.
pointofview
Most likely because people continue to fly no matter. Still selling tickets why cut the surcharge. More stupidity of the people than greed of the airline.
GW
I don't fly much but I did fly NRT-AKL-NRT economy on short notice for about Y165,000 in total which I think is not bad
However I do work in the freight biz & fuel rates for airlines are updated twice a month & they HAVE dropped roughly around 50-60% from say a year ago.................
Maybe JT-ers should consider flying as cargo if you want to save some $$$ haha!!
mukashiyokatta
greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed