Analysts see fewer air fare hikes ahead after retreat
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A broad-based fare increase, initiated last week by Delta Air Lines Inc. and matched by US rivals, has unraveled, prompting expectations yesterday that the chances for further fare hikes are fading.
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As frustrated as travelers may be with  crowded planes and delayed flights, these are the realities of  the leaner U.S. airline industry as it claws its way back to  profitability after a brutal years-long slump.
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Tighter U.S. airport security rules   proved to be a bigger drag on demand for air travel in August   than expected, but it remains too early to tell whether the   disruption will be long-lasting, analysts said on Tuesday.
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The holiday season hasn't exactly brought good cheer to air travelers already besieged by near-record-setting flight delays this year.
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Southwest Airlines Co. , the leading U.S. discount carrier, posted a 16.5 percent drop in second-quarter earnings on Wednesday, but the decline was less than expected as demand rebounded in June.
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U.S. airlines have begun to withdraw a revenue-boosting fare increase initiated last week by Delta Air Lines, but it is too soon to say whether the bulk of the increase will last, a fare tracker said on Monday.
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Soaring fuel prices and slowing economic growth are likely to wipe out much of the airline industryâs profits next year, despite steady increases in global demand for air travel.
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Domestic airfares generally continue to decline in spite of predictions of modest airfare increases in the months ahead and record-high oil prices crippling the airline industry.
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Fares to London may be dropping for fall and winter travel, but bonus mile offers are on the rise.
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WASHINGTON -- With the economy shifting into a slower gear and inflation apparently retreating, Federal Reserve officials are likely to pat themselves on the back for engineering a soft landing and leave interest rates alone.
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The Metropolitan Transportation Authority scaled back its dismal forecast for subway and bus riders yesterday, saying that while fare increases and service cuts were still necessary, they need not be as drastic as the agency had feared.
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Orders are down, but Embraer investors should remain optimistic.
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British inflation slowed to an annual rate of 1.1 percent in September from 1.3 percent in August, as cheaper airfares helped to push the rate down to the lowest level for six months, official figures showed.
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The low-cost carrier reverses course, and results fly in the face of expectations.
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Continental Airlines CAL.N said on   Friday its mainline advanced bookings for the next six weeks   were running slightly behind last year, according to a   regulatory filing.
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Major airlines can&#39;t make their low-cost competitors disappear into thin air, but they can fly away from them, which they are planning to do, to overseas routes where bargain-basement carriers don&#39;t go.
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Major U.S. airlines on Tuesday rolled back a fuel surcharge increase aimed at offsetting soaring oil prices as consumers balk at higher ticket prices and worries over the health of the economy grow.