Fuel Prices, Low Fares Batter Airlines
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The twin burdens of soaring fuel prices  and slipping airfares clobbered the airline industry again in  the third quarter, leaving three of the top four U.S. carriers  to post quarterly losses on Wednesday.
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PARIS -- Airlines the world over are raising fares to offset rising oil prices that threaten to choke off a gradual recovery in air travel and pile more woes on struggling carriers.
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Description: Troubled airlines have been trying to save on high-priced fuel by cutting back on extra weight. But it turns out the biggest problem is the passengers.
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HEAVY suitcases aren&#39;t the only things weighing down aeroplanes and requiring them to burn more fuel, pushing up the cost of flights.
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SAN FRANCISCO (CBS.MW) -- US airlines, hammered by soaring oil prices, will spend a staggering $5 billion more on fuel this year than they did in 2003 or even a greater sum, draining already thin cash reserves.
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Travel: Latest expansion plans a serious test of the airline market's resilience to credit crunch and rising oil price
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US Airways Group  posted a quarterly loss on Thursday, hurt by soaring fuel costs that have battered the airline industry.
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American Airlines and United Airlines became the latest carriers on Thursday to say sky-high oil costs are hurting them and worsening a three-year industry downturn.
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The airline sector, clouded by US Airways Group Inc.&#39;s recent bankruptcy and Delta Air Lines Inc.&#39;s impending financial shortfall, sank deeper in Monday trading as low-cost carriers took a hit from lowered analyst ratings.
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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 on higher fuel costs and  sluggish demand.
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Delta Air Lines Inc.  on Wednesday cut its fares by up to 50 percent for travel in the continental United States, prompting fears of a new fare war and sending airline shares sharply lower.
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Most U.S. airlines, trying to offset  record high jet fuel prices, have boosted air fares in North  America by as much as $10 on round-trip flights.
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Two of the largest U.S. airlines raised fares on Friday, aiming to take advantage of strong travel demand to boost profitability and offset the price of jet fuel, which despite recent declines, remains historically high.
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Delta Air Lines Inc. on Wednesday cut its fares by up to 50 percent for travel in the continental United States, prompting fears of a new fare war and sending airline shares sharply lower.
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The reports by the two airlines were the latest in what was a bitter quarter for the nation's seven major airlines.
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Delta Air Lines Inc  was dragged to a loss on Wednesday on soaring fuel prices, while Southwest Airlines Co  posted better-than-expected profit on its long-term fuel hedging.
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Northwest Airlines Corp , AirTran Holdings Inc  and JetBlue Airways Corp  all posted fourth-quarter losses on Tuesday as soaring jet fuel prices continued to weigh on major U.S. carriers.