Despite what may be the most frustrating summer ever for airline travelers, 8 airlines have decided to raise their fares. Why? Jet fuel prices are up 24% this year.
Southwest started the fare raise by upping their prices from $1-$10 each way on Aug 31. “American Airlines, United Airlines, Continental Airlines Inc., Northwest Airlines Corp. and US Airways Group Inc. matched the fares over the weekend, spokesmen said. Delta Air Lines Inc. and AirTran Holdings Inc. raised prices to a lesser extent,” says Bloomberg.
This will be the 10th fare raise this year. Only JetBlue and Alaska Air abstained from the latest increase.