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September 8, 2008 4:16:03 AM CDT

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Airfare to Get More Expensive This Holiday Season

Posted Jul 18, 08 1:40 PM CDT in Business 

(Newser) – Get ready—this holiday season is going to boast some of the most expensive airfares ever, USA Today reports. Because of high fuel costs, most airlines have cut back flight schedules; figure about 9% fewer flights in November compared to a year ago. Having constricted supply, expect the airlines to raise prices $50-$200 extra per seat. And don't bank on any late holiday sales.

"Not only are the airlines' prices up, rental car prices are way up, too," says an analyst for BestFares.com. "And the hotels are going to want to make up for the business they're not going to get this fall."

Source USA Today

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Passengers are seen at Terminal 4 in JFK International Airport in New York Sunday, June 3, 2007.   (AP Photo/David Karp)
A view of an Airbus A380 airplane during preparations on the eve of the Farnborough aerospace show, in Farnborough, England, Sunday, July 13, 2008.   (AP Photo/Lefteris Pitarakis)
In this June 14, 2008 file photo, two American Airlines jets sit at gates at Reagan National Airport in Arlington, Va.   (AP Photo/Brian McDermott, file)
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oil price  • airline industry  • airline  • fuel costs  • holiday travel  • airfare


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