Lower oil prices to mean cheaper airline seats?

By Around the Web

(FORTUNE) — According to Senator Chuck Schumer, you’re paying too much for your airplane ticket home this holiday season.

The New York Democrat put out a statement this morning saying prices should reflect the lower fuel costs airlines have been paying due to the drop in oil prices.

“At a time when the cost of fuel is plummeting and profits are rising, it is curious and confounding that ticket prices are sky-high and defying economic gravity,” he said in the release.

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