According to new data from airfare analysis website Hopper, airfares are set to fall another 8% this fall.

While lower prices are good news for the consumer, reduced fares could soon weigh on airlines' bottom line.

With major U.S. airlines including Delta, United, American, Southwest, and JetBlue all lower for the year, the "Halftime Report" experts debated if there will be smooth skies, or more turbulence ahead for these stocks.

Trader disclosure: On August 15, 2016 the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Halftime Report" were owned by the "Halftime Report" traders:

Joe Terranova: Long VRTS

Jim Lebenthal: Long AAPL, BA, C, CSCO, DCO, DIS, EEQ, GM, INTC, JCP, KMI, KMY, MPC, ORBC, PFE, QCOM, QRVO, SPLS, TIF, TRN, TWX, WGO

Josh Brown: Long AAPL, AMGN, BMY, CORE, DE, DNKN, GE, NVDA, SAM, SHAK, TWTR, XLE

Pete Najarian: Long Stock: AAPL, BAC, BMY, CSCO, DIS, DISCA, GE, KMI.A, KMI, KO, LUX, MRK, PEP, PFE, VIAB. Long calls: AAL, ABT, AKS, BSX, BZH, CHK, CIT, CNX, COP, DAL, DISH, DVN, EGO, ETP, FSLR, HALO, HOG, INTC, KGC, KO, LLY, MPEL, MRO, MT, MU, NEM, P, PG, PSX, RTN, SLV, SLW, TMUS, TWTR, UA, VLO, XLE, YELP. Puts: CS, EEM, MBLY, NLY, XOM