Oil Prices Have Fallen. So Why Haven’t Airfares?
WSJ What’s News
The Wall Street Journal
4.1 • 4.2K Ratings
🗓️ 7 July 2026
⏱️ 13 minutes
🔗️ Recording | Apple Podcasts | RSS
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Summary
Transcript
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| 0:00.0 | Attention all passengers. |
| 0:03.0 | The Uber ride for Jeff's rugby team will depart in five minutes from Platform 15. |
| 0:09.0 | Your ride comes with six toilets and a refreshments carriage that you'll empty within five minutes. |
| 0:16.0 | Thank you for booking your tickets on Uber. |
| 0:19.0 | Trains on Uber. Trains on Uber. |
| 0:25.4 | AI companies are competing for clients the old-fashioned way with discounts. |
| 0:30.6 | And oil prices have fallen. |
| 0:32.7 | So why are airfares still flying high? |
| 0:35.6 | Well, airlines have realized that they have some pricing power right now, |
| 0:39.5 | and they're not wanting to give it up easily. Plus, the Trump administration revokes a key |
| 0:44.3 | financial benefit for Iran. It's Tuesday, July 7th. I'm Alex O'Sullough for the Wall Street Journal. |
| 0:50.9 | This is the PM edition of What's News, the top headlines and business stories that |
| 0:55.6 | move the world today. |
| 1:02.3 | Starting today with a big U.S. political story. Bernie Sanders is the latest progressive to call |
| 1:08.1 | for Graham Platner to drop out of the Maine Senate race. |
| 1:11.4 | Democrats are rescinding their endorsements and cutting off funding a day after a woman alleged |
| 1:16.0 | that Plattner sexually assaulted her. Plattner has denied the allegation. |
| 1:20.5 | Maine is key for Democrats' hopes of taking back the majority in the Senate. If Platner drops out, |
| 1:26.0 | Democrats would have until July 27th to pick someone else. |
| 1:29.4 | Potential candidates include people who fell short in the governor's primary race earlier this year, |
| 1:34.0 | like Maine Secretary of State Shena Bellows, the state's former Senate President Troy Jackson, |
| 1:38.7 | and its former state health director, Narav Shah. The discussions around a replacement are exposing |
... |
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