US airfares expected to stay high even if Iran ceasefire drops oil prices, experts say

The Guardian reports that US domestic airfares are twenty-six point five percent higher than a year ago, with global flights up between twenty-five and thirty percent compared to twenty twenty-five. Even if a US-Iran ceasefire drives oil prices down, analysts say don't expect cheaper flights. The reason: strong travel demand paired with limited refining capacity will likely keep ticket prices elevated.

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