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 10.29.14 ** HD iPad-Friendly -- Airborne 10.29.14 **
** Airborne 10.27.14 ** HD iPad-Friendly -- Airborne 10.27.14 **
** Airborne/NBAA2014 10.24.14 ** HD iPad-Friendly -- Airborne/NBAA2014 10.24.14 **

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 10.29.14: Antares Launch Failure, GAMA Responds, Another 'Roadable'???

Also: Dragon Returns, Quadcopter Flown At Airliner?, Classic Aero-TV: Redhawk, Diesel Flt School Airplanes, WWII Bomber Found The unmanned Antares rocket built by Orbital Science C>[...]

Classic Aero-TV: ‘Have it Your Way!’ – The SPA Panther

A New Single-Seat SportPlane Shows Great Potential For Serious Fun While at the Sport Aviation Expo 2014, ANN CEO and Editor-In-Chief, Jim Campbell stopped by to talk with Dan Wese>[...]

AD: Bombardier, Inc. Airplanes

AD NUMBER: 2014-21-07 PRODUCT: Certain Bombardier, Inc. Model CL-600-2C10 (Regional Jet Series 700, 701, & 702) airplanes, Model CL-600-2D24 (Regional Jet Series 900) airplanes>[...]

AD: Airbus Airplanes

AD NUMBER: 2014-21-10 PRODUCT: Certain Airbus Model A330-200 and -300 series airplanes, and Model A340-200 and -300 series airplanes.>[...]

ANN's Daily Aero-Linx (10.31.14)

Ex-MACs This group is made of retired McDonnell Engineers, most of whom began their careers at MAC either on the F101, F3H or F4H programs.>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2014 Web Development & Design by Pauli Systems, LC