Major Airlines Try Another Fare Increase
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American Airlines has raised airfares for domestic flights by $20 roundtrip, just two weeks after it successfully initiated a $10 roundtrip hike.
So far, Continental, Delta, United and US Airways have matched the latest increase, according to FareCompare, a company that monitors airfares.
But AirTran, Frontier, JetBlue and Southwest are still holding out.
In the past, American has not applied fare increases on routes where it competes with Southwest.
But this time, it appears the carrier has not backed off those routes -- American may be emboldened by the fact that Southwest matched its Dec. 15 increase.
If AirTran, Frontier, JetBlue and Southwest don't match the latest increase, the traditional airlines can either apply the increase selectively, avoiding routes on which they compete with those rivals, or abandon the increase altogether.
Why a second increase in a month? Airlines are acting in an environment of highly volatile fuel prices.
The Associated Press reports that several large investment banks predict that oil will hit $100 next year as China, India and other emerging economies compete with developed countries and tighten the world's oil supply.
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Photo, Pylon757, flickr
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the politicians love to see us fighting amoug ourselves that way they hope we won't see how corrupt , self serving and inept they are and I mean all polticians
December 29 2010 at 8:50 PM Report abuse Permalink rate up rate down ReplyGREEED HAS CAUSED MANY COMPANIES TO GO BROKE.
I HOPE ALL THE AIRLINES GO BROKE.
I can't wait for 12/21/2012! Then we can ALL go to hell at once! Let's get it over with already!!!
December 29 2010 at 6:58 PM Report abuse Permalink rate up rate down ReplyDon't complain if you are one of the ones flying and paying these prices.
December 29 2010 at 6:51 PM Report abuse Permalink rate up rate down ReplyTHIS IS FOR EVERYONE AND FOR THOSE OF YOU WHO BLAME OBAMA... A DOSE OF REALITY AND TRUTH...
RESEARCH BEFORE YOU WRITE...
http://www.theforbiddenknowledge.com/hardtruth/bushs_secret.htm
The article was written in 2001, what does that have to do with the current JP 54 price??? Go do a little research on your own and not so much NPR, eh???
December 29 2010 at 7:23 PM Report abuse Permalink rate up rate down ReplyI would think the other major airlines would attract more customers by lowering their fares after another one raises theirs. They're all scumbags, bleeding the consumer for all they can. The government and big business all constantly screw us little guys.
December 29 2010 at 6:49 PM Report abuse Permalink rate up rate down ReplyIt won't be long before only the rich, corporate reps, federal employees, and welfare recipients will be able to afford flying on commercial airlines.
December 29 2010 at 6:22 PM Report abuse Permalink rate up rate down ReplyDid I not just read some place that the airlines ahave made 5 1/2 BILLION on luggage alone this year, is that not enoughto pay for some fuel.Oh I forgot HUGE bonus time coming.Ok American flyers,bend over here it comes again
December 29 2010 at 6:11 PM Report abuse Permalink rate up rate down ReplyOil prices rising? Just the continued ripoff of the American consumer. What? Our government won't do anything about it? All of the politicians are heavily invested in oil and reaping huge profits. What's that sound your hear? Our country going down the toilet.
December 29 2010 at 5:41 PM Report abuse Permalink rate up rate down ReplyIf we can stop market speculation we wont see these high Oil prices, this will put our economy back into recession again. We need tighter regulation like we had 10 years ago on futures trading, back then you never saw prices changing as much as they do now ( almost daily) since we deregulated the market and weakened the dollar by borrow money we dont have, when is the US gonna get the picture? We will never recover 100% until this action is done, the consumer only has so much money to spend, when higher oil prices hit the market due to speculation it just means less money spent on other goods and services which will eventually lead to more jobs going bye bye!
December 29 2010 at 5:34 PM Report abuse Permalink rate up rate down ReplyHot 5 Deals
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