GOOD DAY, READERS.
Airlines have raised fares an average of 20% since the war in the Middle East began — and even if a U.S.-Iran deal brings fuel costs down, don't expect airfares to drop. Airlines Reporter Meghna Maharishi notes that carriers plan to hold onto their pricing power, citing strong demand and fewer competitors. Jet fuel has fallen from a peak of $4.88 a gallon in April to $2.79 — but Delta CEO Ed Bastian expects fuel costs will still run higher this year than last.
Skift Aviation Forum
The story everyone's debating, whether pricing power holds when fuel drops, is the one the industry will settle in person on November 12.
The 6th annual Skift Aviation Forum returns to the TWA Hotel at JFK, bringing airline CEOs, investors, and innovators together for the one-day deep dive on profitability, capacity, loyalty, and AI. Registration is open.
DON’T MISS THESE STORIES
Those Higher Airfares May Stick Even if Fuel Prices Drop
by Meghna Maharishi
Airlines are betting that they can hold onto their pricing power even as the price of fuel decreases due to strong demand and fewer competitors in the industry.
How Hyatt’s Lifestyle Chief Does a ‘Portfolio Cleanup’
by Sean O'Neill
Since selling The Standard to Hyatt, Amar Lalvani has reviewed the group's lifestyle portfolio and debuted a new brand, The Manner, to stay on top of where he feels trends are heading.
The Saudization of Saudi Tourism
by Rafat Ali
The war gave Saudi tourism the clarity it could not give itself: the durable market is domestic and regional, the leadership is Saudi, and the reset is real.
ÀVEN HOSPITALITY + SKIFT
New research finds many hotels are investing in AI, but few have built the foundations needed to stay visible as traveler discovery shifts to AI-powered search.
For $7 a week, Skift gives you something the industry is missing – the full picture. Subscribe today for 25% off.
MORNING HEADLINES
SKIFT PODCAST NETWORK
What if AI and robotics could deliver luxury hospitality experiences without luxury staffing costs?
Seth Borko and Gilad Berenstein discuss why hotels may be one of the next industries transformed by automation and whether guests will actually care who brings their bags to the room.
SKIFT TRAVEL 200
How are public travel companies performing around the world? The Skift Travel 200 pulls the data you need to understand global market movements. Paid subscribers get full access here.
See more essential travel news in your search results.
