Fasten Your Seatbelts It's Gonna Be A Pricier Flight

Promises, promises. For years, the airline industry has ushered in each New Year pledging to boost its anemic profits by raising air fares. But like a lifelong smoker unable to kick the habit, the industry quickly succumbed to price-cutting. Beset by ailing carriers desperate to raise cash, the industry has usually opened the year with fresh fare wars.

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