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Schumer calling on feds to investigate airfare

Posted at 6:53 PM, Dec 14, 2014
and last updated 2015-12-09 18:53:54-05

New York's Senior Senator Charles Schumer is calling for a federal investigation into the high price of flying.

Schumer is questioning why prices are not dropping along with fuel costs.

The senator says with holiday travel approaching, the high cost of flying is painfully apparent to thousands of passengers.

Schumer is calling for the Department of Justice and the Department of Transportation to investigate why airfares are so high, despite what he described as "record" airline profits and "rapidly declining" fuel costs.

"What adds insult to injury," Schumer said, "a lot of the airlines, when prices were going up added a surcharge, a fuel surcharge.  That fuel surcharge is still on the tickets even though the price is going down." 

According to the Senator's office, airline industry profits will jump by nearly $20 billion this year and $25 billion next year.

Oil prices have dropped by nearly half of what they were in June.