Southwest Raises Fares $10

Southwest Airlines raised fares as much as $10 each way over the Thanksgiving weekend. This will be the 5th price hike this year for the discount carrier. Southwest faces rising fuel and labor costs that are only going to get worse.

“In addition, Southwest is renegotiating a contract with its pilots, which are the highest paid in the U.S. airline industry.” United Airlines matched the fare increase, naturally.—MEGHANN MARCO

Southwest Airlines raises fares by $10 [Reuters]