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SUNDAY, NOVEMBER 22, 2009
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Buckle Up for Higher Airfares

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(Newser) – If you’re planning on flying this summer, book your tickets now. After a long period of dropping fares and constant sales, prices went up earlier this month and appear likely to keep rising throughout the summer, the Wall Street Journal reports. “I think for the consumer, it’s as good as we’re going to get right now,” said the CEO of FareCompare.com.

Normally fares fall at this time, in anticipation of the slower August and post-Labor Day travel seasons. But this year, the average fare is up 11%, according to one recent survey, and airlines aren’t offering as many sales. It’s due mostly to strong leisure travel demand—business travel is still way down, which has kept this summer’s fares below last summer's.

Passengers wait in line at the check-in counter for US Airways at Philadelphia International Airport.
Passengers wait in line at the check-in counter for US Airways at Philadelphia International Airport.   (AP Photo/Tom Mihalek, File)
In this April 3, 2008 file photo, a Southwest Airlines plane departs from Oakland International Airport in Oakland, Calif.
In this April 3, 2008 file photo, a Southwest Airlines plane departs from Oakland International Airport in Oakland, Calif.   (AP Photo/Noah Berger, file)
In this June 4, 2008 file photo, United Airlines passengers check in at San Francisco International Airport.
In this June 4, 2008 file photo, United Airlines passengers check in at San Francisco International Airport.   (AP Photo/Paul Sakuma, file)
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2 comments
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Yourself
Jun 25, 09 10:35 AM CDT
i can't see it lasting too long, people just don't have the money to spend on travel, let alone the extra $15 per bag, the cabs, the hotel stays, the food, the list goes on and on... go ahead, raise the prices, let me know how that goes for ya! Reply
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Chudluv
Jun 25, 09 2:22 PM CDT
If oil drops like most are saying, oil futures, then this would be a good time to log some profits. All the while keeping fares high. Reply
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