Airfares Set For Take-Off As Oil Prices Push Travel Costs Higher

Oil prices are rising and so are airfares. What it means for travellers and budgets. Australian travellers are being warned to expect higher airfares as surging oil and jet fuel costs put pressure on airline budgets. Host Ricardo Gonçalves speaks with ACCC Chair Gina Cass-Gotlieb about airline competition, capacity cuts and why ticket prices are likely to keep climbing. Plus, the Australian sharemarket falls to a three-month low as investors brace for higher interest rates and rising energy costs. Chris Brycki from Stockspot joins the podcast to break down what's driving markets and what it means for investors.