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Airline fuel costs are rising, keeping flights expensive

CNBC Markets says airlines are paying billions of dollars more in fuel costs this year, a factor that is likely to keep ticket prices elevated.

Reported · Written up by our desk · Sectors

Airlines are facing sharply higher fuel costs, and CNBC Markets reports that this dynamic is a key reason flights remain expensive.

The outlet says airlines are paying billions of dollars more in fuel costs this year, which can pressure operating expenses and sustain higher fares.

With fuel costs still elevated, CNBC Markets expects the pricing pressure to persist for the near term.

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