Airlines: Fares for Summer Travel Rise

The recovering economy has more Americans gearing up for vacations, allowing carriers such as Delta Air Lines and US Airways to raise fares on summer travel. The number of bookings for trips in June through August is up 4.3 percent from a year ago, while prices advanced 3.1 percent. Airlines have cut capacity over the past several years to trim costs, so now they can fill planes to near-record levels and raise fares during high travel periods. The carriers may continue to limit the number of available seats for some time. Southwest Airlines curbed its expansion plans recently by delaying the delivery of 30 Boeing 737-800 jets for four years.

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