When will airfares come down? 'Do not watch for a plunge.'

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When will airfares come down? 'Do not watch for a plunge.' Kerry Hannon Senior Columnist Thu, July 2, 2026 at 3:35 AM PDT 4 min read EXPN.L As jet fuel prices surged this spring, airlines promptly hiked up airfares and fees. Now fuel costs are drifting downward, but that doesn't mean airfares will follow in any meaningful way soon. "Do not watch for a plunge in airfares like what's happening in gasoline prices," Michael Boyd, an aviation i ndustry consultant , told Yahoo Finance. While average airfares have declined modestly in recent weeks, according to tracking firms , they're more than 20% higher than a year ago. Both domestic and international fares peaked in May, but flights within the US are roughly 24% more expensive than a year ago, while international flights are up 16%, according to Kayak . But that isn't stopping people from hitting the skies. Seven in 10 Americans said they already are or are planning to travel this summer despite the pric...

Trump’s Freedom 250 draws corporate sponsors with business before his administration

WASHINGTON On the National Mall this week, Freedom 250 signs pointed visitors toward temporary state pavilions, a Ferris wheel and mobile, transitory history exhibits. Sponsor names appeared beside Trump -aligned programming. Some states were represented by official delegations. Others had opted out , leaving replacement displays or stripped-down booths in their place. As the country prepares to mark its semiquincentennial , or 250th birthday, the splashiest celebrations in Washington are being shaped by corporate money. A CNBC analysis found 14 companies backing both America250 , the nonprofit supporting the congressionally created U.S. Semiquincentennial Commission, and Freedom 250, the Trump -backed public-private partnership behind some of the administration's most visible anniversary events. The companies listed online as backing both are: Boeing , Deloitte, Exiger, John Deere , Lockheed Martin , Northrop Grumman , Oracle , Palantir , Phorm Energy, RTX SAP , Scotts Miracle-Gro , UFC and United Airlines . Of those companies, only John Deere responded to a CNBC request for comment, but it did not address specific questions about its sponsorship of both organizations. John Deere said it was eager to celebrate the people whose work helped "build power, feed and sustain" the U.S. Several of those companies have major business before the federal government, including defense contracts , technology contracts, regulatory interests, merger considerations, tax issues and other policy matters shaped by the Trump administration. CNBC did not find any evidence of a connection between the Freedom 250 sponsorships and the companies' dealings with the administration. But it's another example of the complex intersection of corporate America and politics under a president who's been increasingly close with companies. Watchdogs and ethics experts have said the structure gives companies with business before the administration a new way to seek access to President Donald Trump , with much of the money hidden from public view. "The concern is not that companies are sponsoring a national celebration. The concern is that this celebration appears to offer access to the president while some of those companies have business before his administration," said Bruce Freed, the president and co-founder of the Center for Political Accountability that advises companies on political spending. Democrats on the House Natural Resources Committee released a report this week criticizing the president and Freedom 250, accusing it of diverting funds and misleading sponsors. Freedom 250 fundraising materials , first reported by The New York Times, described tiered sponsorship: Donors giving at least $500,000 were offered VIP access, invitations and preferred seating at events, according to the New York Times. A $1 million contribution came with an invitation to a private "thank you" reception hosted by Trump and a photo opportunity, the Times reported, and donors giving $2.5 million or more were offered speaking roles at a July 4 event in Washington. For $10 million or more, companies got VIP access to all Freedom 250 events, logo rights, a tailored press release, a July 4 speaking role and a private Trump-hosted reception with a photo opportunity, according to the Times...

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