Airlines try to increase fares yet again

February 24th, 2011 - 12:57 am ICT by Aishwarya Bhatt  

London, Feb 23 (THAINDIAN NEWS) The violence in the Middle East has pushed the price of oil to two-year high and that has caused a lot of worry for some of the major US airliners.

Some of the airliners tried to raise the prices of some of their tickets last week and they want to do it again. They are worried that as the cost of fuel rises, they might not be able to stay in business if they are not able to adjust their prices.

On Monday American, United, Continental and US Airways all raised their prices moderately. The price change was between $20 and $60 per round trip. Delta Air Lines followed up on Tuesday and also increased its fares.

The only problem that these airlines have is getting the fares to stay up. Some airliners would want to keep their fares low no matter what and that puts pressure on some of the major airliners to also do the same. Last week for instance, Delta tried to increase its fares between $40 and $120. That failed because the other airliners didn’t match the increase.

The price changes only affected the business and first-class tickets.

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