U.S. Airlines May Sustain Seventh Fare Boost, FareCompare Says
Delta Air Lines Inc. (DAL) and US Airways Group Inc. (LCC) raised round-trip airfares by $10, following United Continental Holdings Inc. (UAL), to put the industry closer to its seventh boost of 2011, travel website FareCompare said.
Airlines have tried to raise prices eight times this year to blunt higher fuel costs, FareCompare Chief Executive Officer Rick Seaney said today. An attempt by AMR Corp. (AMR)’s American Airlines this month fell apart when rivals didn’t go along, he said.
The latest move would bring 2011’s increases to as much as $70, according to Dallas-based FareCompare. Seaney said the current round of attempted increases resembles the pattern from 2007 and 2008, when jet fuel rose to a record.
“The total for 2007 was 17 successful airfare hikes,” Seaney said in an interview. “We’re on pace to beat that.”
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