Wolf Blitzer
đ€ SpeakerAppearances Over Time
Podcast Appearances
And then you have the airlines who are grappling with higher jet fuel prices, doubling again in the last month.
Jet fuel accounts for about 20 to 30 percent of what airlines have to pay.
And instead of passing that down directly to consumers via ticket prices, you have Delta United JetBlue
increasing their baggage fees by about $10.
And then you have United, for example, saying that they're going to have to cut the number of flights by 5% over the next six months.
So we know that businesses are really trying to absorb as much as they can, Wolf, with these higher energy costs.
and not pass it down to consumers.
But ultimately, guys, they are just burdened by these higher prices and have to figure out where to pass that buck somewhere, trying to do it delicately.
But you can see there that airlines in particular are doing it in more creative ways where hopefully the US consumer doesn't feel it as much, Wolf.
I'm sorry.
The person you are trying to reach has a voicemail box that has not been set up yet.