News Column

Turmoil in Iraq could raise air travel costs unless loonie rises, says analyst

June 20, 2014

The Canadian Press

MONTREAL - An airline industry analyst says Canadians face a 50-50 chance that the cost of air travel will go up this summer due to higher oil prices amid political turmoil in Iraq. Robert Kokonis of AirTrav Inc. says he doubts Air Canada (TSX:AC.B) or WestJet (TSX:WJA) will introduce fuel surcharges on flights within Canada or to the United States unless there is a substantial increase in oil prices, but there are other ways the cost of flying could rise. He says a stronger Canadian dollar could also take some pressure off airlines, which count fuel as one of their biggest expenses.

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Source: Canadian Press DataFile

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