» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation LinksHome >
VOL. 127 | NO. 143 | Tuesday, July 24, 2012

More Airfare Increases on the Way

AP

Print | Front Page | Email this story | Comments ()

DALLAS (AP) – Get ready to spend more on travel. Airlines are raising ticket prices again after a long lull that coincided with falling fuel costs.

Over the weekend several big airlines matched United Airlines' increase in base fares of up to $10 per round trip within the U.S.

Fare watchers said it was virtually certain that the new prices would stick, resulting in the fourth fare increase this year and the first since late March.

United raised fares Friday by $4 to $10 per round trip, depending on flight length. Over the weekend Delta Air Lines, American Airlines, US Airways and JetBlue all matched that. So did Southwest Airlines and its AirTran subsidiary on flights of at least 500 miles. Southwest carries more passengers within the U.S. than anyone and is seen as a price-setter on many routes.

"Southwest participation virtually assures the hike will stick," said Rick Seaney, CEO of FareCompare.com.

The airlines raised domestic base fares nearly a dozen times last year, citing rising fuel prices. But they grew more cautious this spring as the economy weakened and fuel prices fell along with a decline of about 20 percent in oil prices.

Not all passengers pay the higher base fares. Airlines constantly promote various sales, blunting the impact of their base-fare increases.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog Get more from The Daily News
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 78 215 4,981
MORTGAGES 96 322 6,548
FORECLOSURE NOTICES 0 25 1,504
BUILDING PERMITS 0 318 11,577
BANKRUPTCIES 79 198 5,157
BUSINESS LICENSES 19 65 2,001
UTILITY CONNECTIONS 124 351 6,815
MARRIAGE LICENSES 0 44 1,385

Weekly Edition

Issues | About

The Memphis News: Business, politics, and the public interest.