Canadians may pay hundreds more for summer vacation flights, despite falling oil prices

Canadians could still pay hundreds more for summer vacation flights even as jet fuel prices fall, according to industry data and analysts. Chris Murray of ATB Cormark Capital Markets said airlines need the lowest fares possible to compete, but must also cover rising costs. In North America, jet fuel costs remain about 32% higher than last year, the International Air Transport Association reported. While global jet fuel prices dropped sharply last week after a potential Middle East peace deal eased concerns tied to the Strait of Hormuz, airlines have not fully reversed surcharges. Many carriers across Canada raised fares earlier this year and added fuel surcharges when oil spiked. The Financial Post, with the Calgary Herald, reviewed domestic and international routes and found no evidence surcharges were removed, though some are being dialed back.