Posted at 11:06 a.m., Friday, March 23, 2007
Delta, American hike fares $5 each way on most flights
Advertiser Staff
AMR Corp.'s American Airlines, the world's largest carrier, and Delta Air Lines Inc. raised fares $5 each way on most U.S. flights to meet higher jet-fuel prices.Delta initiated the increase last night, and American matched it today. It's the fourth time this year that U.S. airlines have tried to impose a widespread fare boost. Previous efforts were pulled back when competitors refused to go along.
The increase follows disclosures by AMR and other U.S. carriers that first-quarter results have been hurt by higher energy costs, winter storms that snarled travel, and slower revenue growth. The carriers include JetBlue Airways Corp., US Airways Group Inc., Alaska Air Group Inc. and Frontier Airlines Holdings Inc.
