Airlines Hike Ticket Prices

United raises prices by up to $60; American, Delta follow its lead
By Matt Cantor,  Newser User
Posted May 24, 2008 11:05 AM CDT
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)
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(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.