Most Airlines Raise Fares Due to Fuel
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A fare hike that raises tickets by &#36;5 each way announced by American Airlines earlier this week to offset record high jet fuel appears to be sticking among other U.S. airlines, an industry source said on Friday.
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British Airways is to increase its fuel surcharge as a result of the continuing rise in the price of oil. The airline said its longhaul surcharge on all UK bookings will rise from Â£6 ($10.
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Air New Zealand is likely to join other major airlines operating out of the region in raising its passenger fuel surcharge as oil prices continue to spike, its managing director and chief executive said Monday.
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Southwest Airlines Co., the leading U.S. budget carrier, said on Monday it raised fares by as much as $10 each way, a move that triggered matching fare hikes by major rivals.
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Continental Airlines Inc  raised U.S. domestic fares to offset soaring fuel costs, increasing the price of round-trip tickets by $10, a company spokesman said on Friday.
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Major U.S. airlines rolled back a fuel surcharge increase on Tuesday aimed at offsetting soaring oil prices, as consumers balk at higher ticket prices and as worries over the health of the economy grow.
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As airlines look for new sources of revenue to offset rising fuel costs, more carriers are turning planes into marketing vehicles.
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A fare hike that raises tickets by $5 each way announced by American Airlines earlier this week to offset record high jet fuel appears to be sticking among other US airlines, an industry source said on Friday.
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Rail fares are set to rise by 4% on average next year, but some passengers will have to pay up to 7% more.
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Airfares have risen nearly 6 percent this holiday season as carriers take advantage of strong demand to recoup some of their higher fuel costs.
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Major U.S. airlines have boosted fares in some domestic markets, matching an increase initiated by low-cost carrier AirTran Airways, airlines, analysts and travel Web sites said on Tuesday.
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Delta Air Lines Inc.  and AMR Corp's  American Airlines raised fares by $5 each way in most domestic markets, the No. 3 and No. 1 U.S. airlines said on Friday, in the latest test of airline pricing power.
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SINGAPORE (Dow Jones)--Air New Zealand Ltd. (AIR.NZ) is likely to increase its passenger fuel surcharge as oil prices and fuel costs continue to climb, managing director and chief executive Ralph Norris said at a lecture in Singapore Monday.
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Air New Zealand announced Thursday that it will increase its surcharge on air fares from early next month because of the rising cost of jet fuel.
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British Airways said it would raise its fuel surcharges by up to eight pounds (11.6 euros, 14.4 dollars) per return ticket as a result of soaring oil prices.
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U.S. airlines spend hundreds of  millions of dollars annually in extra fuel costs to transport a  heavier traveling public, researchers estimate.
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Delta Air Lines Inc.  raised fares by $5 each way in most domestic markets, a spokeswoman for the No. 3 U.S. airline said on Friday, the latest test of airline pricing power.