Airlines Raise Fares As Oil Hits $100 Per Barrel | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 08.22.16

Airborne 08.23.16

Airborne 08.24.16

Airborne 08.25.16

Airborne 08.26.16

Airborne Hi-Def On YouTube

Airborne 08.22.16

Airborne 08.23.16

Airborne 08.24.16

Airborne 08.25.16

Airborne 08.26.16

Tweet Us The Coolest Things You See @OSH16!
#OSH16Coolest!

It's Alive!: AirVenture 2016 Innovation Preview on Vimeo!

It's Alive!: AirVenture 2016 Innovation Preview on YouTube!

Fri, Jan 04, 2008

Airlines Raise Fares As Oil Hits $100 Per Barrel

Happy New Year! Give Us Money...

In a move unlikely to surprise many, airlines around the globe raised fares this week... in an attempt to keep pace with oil prices that surged over $100 per barrel on the futures market.

The Associated Press reports many US domestic roundtrip fares bumped up $10 to $20 late Thursday. United Airlines led the charge, with Delta right behind. Air Canada hiked ticket prices two percent between the US and Canada, with low-cost carriers AirTran and Midwest also raising fuel surcharges.

Carriers said the increases are due to higher fuel costs... also the culprit behind some two dozen attempted fare hikes in 2007 alone. "We all are facing ever increasing fuel costs and trying to keep up," said AirTran spokeswoman Judy Graham-Weaver.

Worst of all, most believe this likely isn't the highest prices will go.

"If oil stays at $100 a barrel, or if it creeps up even higher, I don't see how this is going to stop," said FareCompare CEO Rick Seaney. "Airlines are going to be scrapping to keep their heads above water."

"We all are facing ever increasing fuel costs and trying to keep up," said AirTran spokeswoman Judy Graham-Weaver.

Just because airlines increased fares across-the-board, doesn't mean all passengers will be affected equally. Competition from low-cost carriers may prevent the latest increase from "sticking" in such markets as Orlando or Washington, DC... while travelers flying from smaller airports, with less competition, may end up paying the most.

Analyst Seaney advises passengers who want deals, had best buy their tickets now.

"The bottom line for consumers is this: They'd better be shopping earlier than they used to because there's not going to be any last minute deals left," Seaney said. "The airlines know exactly when travelers want to travel, and they're going to charge a premium for that."

FMI: www.united.com, www.delta.com, www.airtran.com, www.aircanada.com, www.midwestairlines.com

Advertisement

More News

Airborne 08.25.16: Airlander 10 Accident, M500 EASA Cert, Flying Car Frenzy

Also: Veterans Against Airshows, Redbird Migration 2016, Rocket Debris, Charles Taylor Award, Wayward Satellite, Norfolk International, Hawaiian Airlines It was only last week that>[...]

Drug Trafficker Sentenced In Virginia

Had Purchased Airplanes Used To Transport Large Quantities Of Narcotics A man who had purchased two airplanes in Virginia that were used to transport tons of cocaine between Guatem>[...]

ANN's Daily Aero-Linx (08.26.16)

Frank Ambrose Beginning as an Air Force Photographer in 1943, Frank Ambrose now operates a studio in Gloversville, New York specializing in Commercial, Industrial and Portrait phot>[...]

ANN's Daily Aero-Term (08.26.16): Position Report

A report over a known location as transmitted by an aircraft to ATC.>[...]

Aero-News: Quote of the Day (08.26.16)

"This year's research shows that South Carolina's aerospace industry is diversifying and trending towards sustainable growth." Source: Dr. Joey Von Nessen, author of the South Caro>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2016 Web Development & Design by Pauli Systems, LC