US Airlines Raise Fares to Offset Fuel Prices
US Airlines Raise Fares to Offset Fuel
Prices
Major US airlines have raised rates over the last few weeks to compensate for steadily rising fuel prices, affecting both casual vacationers and corporate accounts alike. Jet fuel costs are now over $3 per gallon, the second highest level on record, behind only 2008, when oil prices surged to record levels and the airlines lost billions.
US Airways said earlier this week that if current revenue trends continue, it will be able to absorb further surges in fuel costs expected over the next several months without raising fares yet again. Delta Air Lines initiated the latest fare hike last month when it raised fares for domestic round-trip flights purchased on short notice by $20. American Airlines followed suit with a $10 increase, but applied it to almost all domestic flights within the continental US.
As of Friday morning, United, Continental, and US Airways had followed American's lead by raising US fares across the board by $10, and Delta had revised its fare hike to match. The discount airlines, meanwhile, such as Southwest, Jet Blue, and AirTran, have so far declined to raise fares. Insiders say that if those airlines continue to absorb fuel increases, the major carriers may be forced to scale back fare hikes on some flights.
Major US airlines have raised rates over the last few weeks to compensate for steadily rising fuel prices, affecting both casual vacationers and corporate accounts alike. Jet fuel costs are now over $3 per gallon, the second highest level on record, behind only 2008, when oil prices surged to record levels and the airlines lost billions.
US Airways said earlier this week that if current revenue trends continue, it will be able to absorb further surges in fuel costs expected over the next several months without raising fares yet again. Delta Air Lines initiated the latest fare hike last month when it raised fares for domestic round-trip flights purchased on short notice by $20. American Airlines followed suit with a $10 increase, but applied it to almost all domestic flights within the continental US.
As of Friday morning, United, Continental, and US Airways had followed American's lead by raising US fares across the board by $10, and Delta had revised its fare hike to match. The discount airlines, meanwhile, such as Southwest, Jet Blue, and AirTran, have so far declined to raise fares. Insiders say that if those airlines continue to absorb fuel increases, the major carriers may be forced to scale back fare hikes on some flights.
Comments
Top Stories
Latest DT's
-
1 month ago by Geno -
1 month ago by dallaseste
-
2 months ago by Geno
-
2 months ago by Geno
-
2 months ago by Geno
-
2 months ago by Geno
-
2 months ago by Geno
-
2 months ago by Geno
-
2 months ago by dallaseste
Top Authors
Subscribe
Games
Alias
3 Foot Ninja 2
ALIAS 2
Air Dodge
Battle Tanks
Bomber Bob
Cable Capers
Gem Mania
Hacker
Hostile Skies
Mission Mars
Bowling
Samurai Warrior
The Pharoh's Tomb
Monkey Lander
Muay Thai
Action
Donkey Kong Banana Barrage
501 Dart Challenge
Rooftop Skater
Zelda
Donkey Kong
Xtreme Pinball
Tetris
Connect 4
Battleships
Frogger
Penguin Push
Online Video Poker
Spank The Monkey
Mob Pay Back
Dealer
Yeti Sports Seal Bounce
Hold Your Drink Steady
Solitaire
Canyon Glider
3D Sudoku
Metal Slug Rampage
Street Fighter II
Flashman
Disc Golf
Table Tennis
Ninja Air Combat
Celebrity Hitman Terrorist Alert
Spider Solitaire
Tubin
Presidential Knockout
Global Player
Ma Balls
Baseball
Beckham Fit
0 Comments
Click here to sign up now.