Recent spike in oil prices expected to boost airfares

Planning to fly in the near future?
You’ll likely have to dig a little deeper to pay for it after recent drone attacks on Saudi Arabia’s oil production facilities boosted oil prices. And when that happens, higher airfares are typically close behind.
Helane Becker, a managing director and senior research analyst at Cowen, said consumers will definitely feel the effect.
“The airlines will not be able to quickly absorb the spike in oil prices,” Becker wrote in a recent note