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The firm predicts that domestic airfares will continue to nosedive over the next six months, hitting a low of $210 in January. Are Low Fuel Costs and Capacity Overexpansion to be Blamed? Oil prices are hovering around the $44 a barrel mark. Although, crude has recovered from the 12-year low of around $26 per barrel it slipped to this February, it is nowhere near the above $100 a barrel mark witnessed in mid-2014. Soft oil prices are being cited as one of the main reasons for declining airfares. According to Hopper, jet fuel had declined in August to around $1.25 per gallon. Apart from cheap oil, capacity overexpansion is being viewed as another major reason for falling airfares. August traffic reports of major carriers like Southwest Airlines LUV, American Airlines Group AAL, United Continental Holdings UAL and affordable flights to NewYork from jacksonville fl Alaska Air Group, Inc. ALK revealed a fall in load factor (percent of seats filled with passengers) as capacity expansion outweighed traffic growth.
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I look forward to working with him for many years to come in order to make America great again, the mogul continued. Cruz will continue to come under assault from his many adversaries including Senate Majority Leader Mitch McConnell for the foreseeable future, the Texas operative said. The Mitch McConnells of the world are probably chomping at the bit now. Now is the time to put the knife in his back and finish the job, the operative said. Sen. Ted Cruz addresses the Republican National Convention in Cleveland. (Photo: Carolyn Kaster/AP) More Cruz went out of his way in his statement Friday to repair some of the damage. His use of the word conscience was what set off a revolt against him on the convention floor in Cleveland. It was interpreted then as a clear signal by Cruz that Republicans should vote against Trump. Cruz quoted from that part of his speech at the very beginning of his Facebook post, and then made the argument that his conscience now compels him to vote for Trump.