Airfares Increased

.

Airfares Increased

Reports claimed that Americans Airlines have hiked $10 per round trip fare. This has been the seventh fare hike in this year.

The US airlines have made the price change on Wednesday. The airlines have also raised a round trip fare rise of $20 for its services to Canada and Hawaii.

Reports are still unclear whether all the major airlines would be following the US airliner and take the same step over the weekend. The carriers are increasing the fare to keep in pace with the price rise of jet fuel.

The last time the price hike was rapid was during the year 2008 when the fuel cost touched $100 a barrel. This report has been confirmed by Rick Seaney of FareCompare. com, who closely monitors ticket prices.

"Airlines who finally started making a profit late last year have little choice but to pass on fuel costs to consumers in the short term", says Seaney, who expects airlines to try to boost fares weekly through April.

The demand for air travel has been always high as most of the corporate fliers make a plan trip for spring break, summer vacations.

Senior airline analyst at ITG Investment Research, Matthew Jacob claimed that the rising cost of the fuel have provoked the airliner to raise the cost of the tickets more aggressively.


Latest News

Fathom Cruise Brand’s Adonia Continues its Journey to Cuba after “Electrical Dif
Oil Prices Rise in the U.S Right at the Beginning of the Summer Driving Season w
With Increase in Exports the Australian Dollar Gains the Most in Four Weeks
Viacom Board of Directors Stick Together to Fight Redstone Family’s Effort to Ej
Worshipers lose church after decades of fight
Criticism after rare gorilla is killed to save child in Cincinnati Zoo
Noble Group Announced Its Chief Executive Yusuf Alireza is Resigning due to “Fam
Puerto Rico Gets Some Relief with Rescue Bill and Demand and Improving Agricultu
PageProof Learnt from the U.S Market, Language is Important!
James Bullard St. Louis Federal Reserve President says Global Markets Appear to
Memorial Day Sales Kicks Off with Retailers Offering Big Discounts
Coca Cola to Roll Out Limited Edition “Proud to be an American’ Cans this Weeken