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 07.20.15

Airborne 07.21.15

Airborne 07.22.15

Airborne 07.23.15

Airborne 07.24.15

Airborne Hi-Def On YouTube

Airborne 07.20.15

Airborne 07.21.15

Airborne 07.22.15

Airborne 07.23.15

Airborne 07.24.15

EAA/ANN AirVenture Innovation Preview

AIP-#1 Vimeo

AIP-#2 Vimeo

AIP-Part 1 YouTube

AIP-Part 2 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 At OSH15 Day 2 Redux: Aspen's AOA, NTSB's Hart, New Able Flight Pilots

Also: BIG Piper Order, AEA $1000 Givewaway, Airbus A350 X-W-B, F-22 Raptor, Pelton Interview -- Part 2 In only four months since its introduction, Aspen has obtained FAA certificat>[...]

Airborne at OSH15 - 07.21.15: Aspen's AOA, NTSB's Hart, New Able Flight Pilots

Also: BIG Piper Order, AEA $1000 Givewaway, Airbus A350 X-W-B, F-22 Raptor, Pelton Interview -- Part 2 In only four months since its introduction, Aspen has obtained FAA certificat>[...]

Airborne At OSH15 Day 1 Redux: Redbird Sidekick, Pelton Upbeat, Hartzell Re-Prop

Also: Aviation Gateway Park, New Vintage Plaza, L-3 Genesys, BendixKing's KI300, Jack Pelton Interview--Part 1, Lockheed Buys Sikorsky, ANN's AirVenture Innovation Preview ROCKED! >[...]

AeroSports Update: Enthusiasm Does Not Trump Good Planning

The Story Of Bill’s Idea To Own An Airplane And Become A Sport Pilot Didn’t Work Out So Well Anxious to own a plane and become a sport pilot, Bill purchased a damaged, >[...]

AeroSports Update, FAA Emphasizes Transition Training

The FAA Has Updated Their Advisory Circular For Transitioning To Unfamiliar Aircraft The FAA released an update to an Advisory Circular (AC) on transitioning to unfamiliar aircraft>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2015 Web Development & Design by Pauli Systems, LC