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

AMA Drone Report

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday

Airborne-Thursday

Airborne-Friday

Airborne-Unmanned w/AUVSI

Airborne On ANN

AMA 04.27.17

Airborne
04.24.17

Airborne
04.25.17

Airborne
04.26.17

Airborne
04.27.17

Airborne
04.28.17

Airborne-Unmanned 04.25.17

Airborne-YouTube

AMA 04.27.17

Airborne
04.24.17

Airborne
04.25.17

Airborne
04.26.17

Airborne
04.27.17

Airborne
04.28.17

Airborne-Unmanned 04.25.17

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 04.26.17: Kitty Hawk Flyer, Mooney CEO Departs, Part 23 Training

Also: Sun 'n Fun, North Dakota, Turbulence, Canadian Drones, Voyageur Aviation, Oxford Airport, Drone Classes A major player in the online world, Google’s Larry Page, has ent>[...]

AMA Drone Report 04.27.17: Kitty Hawk Flyer, College Drones, DJI VR Goggles

Also: Airborne at XPONENTIAL, AMA On Mil-Airspace, Canadian Drones, AMA Legislative Efforts With an appearance not all that different than many of the multi-copters we’re all>[...]

Airborne 04.27.17: HondaJet Records, More UAL Fallout, Avenger Gathering

Also: Peggy Whitson!, AUVSI 2017 Live, Air Medical Group, Canadian Airports, GLO Bankrupt, WestJet, Second T-X A HondaJet has officially secured its first speed records over two re>[...]

Airborne 04.27.17: HondaJet Records, More UAL Fallout, Avenger Gathering

Also: Peggy Whitson!, AUVSI 2017 Live, Air Medical Group, Canadian Airports, GLO Bankrupt, WestJet, Second T-X A HondaJet has officially secured its first speed records over two re>[...]

Airborne-Unmanned 04.25.17: UAS Broadcast, College Drone Racing, XPO17 LIVE!

Also: Aeryon Labs, Northrop Grumman, XTAR Connectivity, Bowling Green Drones The broadcast platforms of tomorrow may well be unmanned... and 360 Designs has just introduced the Fly>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2017 Web Development & Design by Pauli Systems, LC