By admin 
Oil prices have fallen to levels seen before the Iran war, but airfares have not followed suit.
Read more Prosecutors say video shows Charlie Kirk murder suspect at scene of the crime
According to Deutsche Bank, airfares are up 15% to 20% from a year ago, while jet fuel prices have fallen 35% since April.
The consumer price index put out by the U.S. Bureau of Labor Statistics showed that airfare increased by over 29% between November and May.
RELATED STORY | Summer airfare prices spike 30% as jet fuel costs soar after Iran war
Two factors are keeping flight prices high: strong demand and reduced competition following Spirit Airlines’ bankruptcy.
Read more Wildlife World Zoo offers flume rides & exotic animal encounters in the West Valley
Shares of Delta Air Lines and United Airlines reached record highs last month, while American Airlines shares rose 30%.
Experts say airfares typically decline in the fall, although prices are likely to remain higher than they were a year ago.
RELATED STORY | US airlines lost close to $1 billion last quarter as Iran war sends costs higher
Read more Valley district holds pared-down budget meeting without general public comment after police warrants