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Air fares: up, up and away
What to expect with air fares: continued rising prices and reduced options.
Average business fares on the USA’s top 280 routes have jumped 8% from a year ago, according to price tracker Harrell Associates.
Leisure fare prices on those same prime routes are up 26% from a year ago, says USA Today.
Fare increases will continue, because “people keep wanting to fly, even at these much higher prices,” said Terry Trippler of travel website TerryTrippler.com.
Harrell Associates’ Bob Harrell agrees that fares are going to keep on going up.
Through the first 10 months of this year, US airlines reacted to rising fuel prices by cutting domestic capacity more than 2% from the same period in 2006, according to reports.
Report by David Wilkening
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