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Why Your Plane Ticket May Soon Cost More03:41

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A Delta Airlines airplane takes off from Ronald Reagan Washington National Airport in Arlington, Va., Aug. 15, 2016. (Saul Loeb/Getty Images)closemore
A Delta Airlines airplane takes off from Ronald Reagan Washington National Airport in Arlington, Va., Aug. 15, 2016. (Saul Loeb/Getty Images)

Airlines are facing a number of factors that may result in increased airfare prices, according to Bloomberg News.

Crude oil is now at around $50 a barrel, nearly double what it was earlier this year. And a number of carriers are in contract negotiations with workers and may agree to pay increases. For instance, Delta just agreed on a new contract with pilots that included a 30 percent pay raise.

Here & Now's Jeremy Hobson speaks with Michael Regan of Bloomberg Gadfly about what's happening.

Guest

Mike Regan, columnist for Bloomberg Gadfly. He tweets @Reganonymous.

This segment aired on October 14, 2016.

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