Sarah Roden

About the Author Sarah Roden

Sarah writes about stock market news for TipRanks. She graduated as member of Phi Beta Kappa from the University of Richmond in Richmond, Virginia.

3 Airline Stocks Affected In Light on Dropping Oil Prices

Falling oil prices have sent gas and jet fuel prices to record lows. As of December 2nd, oil prices are  below $70 a barrel thanks to fracking, a controversial American practice of extracting oil; OPEC’s decision to maintain current oil production instead of decreasing output quotas; and a slow in demand. As a result, commuters have been enjoying lower gas prices; companies are seeing lower shipping costs; and airlines are reaping the benefits of increased profit. Even though the cost of jet fuel has dropped, airlines are not lowering fares. With an increase in flying fares and a decrease in the cost of jet fuel, many are expecting big profits for airlines.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts