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

Rise in Russian Arms Sales In spite of a Drop Globally
PetSmart Sells itself with an $8.3Billion Deal
Falling Oil Prices Result in a Drop in Stocks
Shares of Amaya Fall Due to Probe Conducted by Securities Regulators
Americans Consumers Display Confidence In the Market with Gain in Sales
It’s Time to Hurry Up to Enrol in the First Phase of Affordable Care Act Health
After Merger with Alliance Boots,	Walgreen CEO will Retire
Falling Fuel Prices Lift Airline Profits But No Respite in Fares Expected
Citigroup to Pay Likely $2.7B as Legal Charge
Michael Jeffries Retires as the CEO of Abercrombie & Fitch
Deutsche Bank in Trouble Again in the U.S. for Alleged Tax Scheme
Popular Demand Brings French Toast Crunch Back on the Shelves