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. (Read more airline industry stories.)