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00:02GasBuddy analyst Patrick DeHaan said airline fares may not fully fall, despite lower oil
00:07prices after the Iran agreement, because demand remains strong.
00:11DeHaan said airlines optimize capacity around high fuel prices and summer demand, though
00:16he expects some deals on less-used routes.
00:18He said a full fare drop would be difficult until demand falls in August, and more likely
00:23in the fall, when capacity exceeds demand.
00:27DeHaan also said some international flights had become cheaper than steep domestic fares,
00:32pointing to U.S.-Italy flight prices falling from more than $1,200 to under $800.
00:38Analysts said airlines have little incentive to cut fares, while demand remains strong.
00:43Jet fuel was $2.83 per gallon on June 24, according to Airlines for America.
00:48For all things money, visit Benzinga.com
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