Airline Deals Are Soaring

With the U.S. recession raging, air fares sit at bargain-basement levels on many routes. Business travelers are being lured with double-mile promotions. And airlines are only deepening the discounts as they near the end of a dreadful winter quarter. In the past week, for example, a bevy of bargains has been unleashed: Qantas Airways (QAN.AX) is offering one-way fares between Australia and California for $299, and New York for $399. United Airlines (UAUA) is selling a new Moscow route for as low as $119 one way, before taxes and fees. American (AMR) has fares from Chicago to Dublin for $147.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.