As oil prices are cut in half, why are airlines still gouging fliers by fuel surcharges?

According to current news reports, an airline recently posted the following on its website: "We're happy to announce that there will no longer be any fuel surcharge for all flights." No, that flyer-friendly encouraging announcement did not emanate from Delta, or United,or American, or any major European air carrier -- it was made by Cebu Pacific, a budget air carrier based in the Philippines! As this Op Ed is written, at the end of January, 2015, world oil prices continue under fifty dollars a barrel, less than half of the average price -- over $100 -- just six months ago, in mid-2014.

http://ift.tt/1EwcQM9