BUSINESS

As Oil Prices Fall, Air Fares Still Stay High

SAN FRANCISCO, CA - FEBRUARY 18:  A Virgin America plane lands above a United Airlines plane at San Francisco International A
SAN FRANCISCO, CA - FEBRUARY 18: A Virgin America plane lands above a United Airlines plane at San Francisco International Airport on February 18, 2015 in San Francisco, California. Virgin America has reported a full year profit of $60.1 million and fourth quarter earnings of 3.9 million compard to $14.1 million one year ago. (Photo by Justin Sullivan/Getty Images)

Far from “hypercompetitive,” the airline industry is increasingly looking like an uncompetitive oligopoly.

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