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September 5, 2008 2:49:50 AM CDT

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Airlines Hike Ticket Prices

Posted May 24, 08 11:05 AM CDT in Business 

(Newser) – The big three US airlines responded to soaring oil prices by boosting most domestic prices by up to $60 roundtrip in the last few days, the AP reports. United led the way with increases from $10 to $60 Thursday; American and Delta followed suit yesterday. Meanwhile, low-cost AirTran raised its leisure tickets $30 and business tickets $50.

Spot prices for jet fuel in New York yesterday were 43% higher than they’d been early this year, analysts said; light, sweet crude oil closed at $132.19 a barrel. “Airlines have no choice but to pass on the cost of fuel to consumers,” said an American Airlines spokesman, adding that “slashing capacity” may be the next step.

Source Associated Press

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In this April 15, 2008 file photo, a Delta Airlines plane prepares to take off from a runway as a United Airlines plane, rear, lands at San Francisco International Airport in San Francisco.   (AP Photo)
A United Airlines plane prepares to land at San Francisco International Airport on Thursday, April 3, 2008, in this photo taken from San Francisco Bay.   (AP Photo/Noah Berger)
A traveler wheels his luggage up to an American Airlines ticket window Wednesday, May 21, 2008, at Portland International Airport, in Portland, Ore.   (AP Photo/Rick Bowmer)
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oil price  • airline industry  • American Airlines  • United Airlines  • fuel costs  • Delta Air Lines  • airline ticket prices


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