Posted on 04/17/2011 9:14:59 PM PDT by Nachum
As the summer travel season approaches, airline industry experts predict that soaring fuel prices and a sharp pickup in passenger demand will push airfares up 15% over a year earlier — to levels not seen since before the economic downturn. Fare hikes have already begun, with six of the nation's largest airlines each raising rates at least five times since Jan. 1 for nearly all routes. By the time the peak summer travel season rolls around, travel industry experts predict, domestic airfares may reach an average of nearly $390, up from a low of $302 two years ago.
(Excerpt) Read more at latimes.com ...
The list, ping
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Heh... strong consumer demand? LOL.
Yup, Jet-A is already thru the roof and climbing fast.
We topped off the jet the other day at Trashville Int’l and the price was just over $7.00 a gallon.
Forecasters always ignore the fact that competition exists. As fares/revenue rise, airlines will add seats. Once there are some empty seats, airlines will begin to snipe on fares, then a bloodbath may begin and airfares may become more affordable.
How many gallons for that particular jet?
I deceided to buy my airline tickets a couple of days ago for September. I couldn’t see the price having a reason to drop. I haven’t booked my hotel, figuring they might drop, because of less travel.
You’re playing it smart.
If you’re faced with an ugly fare, look at buying the frequent flyer miles. They will be slower to raise the miles required (or price of miles) than they are to adjust fares.
It holds 4300 gallons
My Debit Card couldn’t handle that.
Neither can mine :-)
Are you a Flight Engineer?
Corporate pilot
Say hello to Rush. LOL
Already got my tickets on Southwest for next month. Now if Southwest can just keep the plane from changing into a convertible en route...
Recovery Summer II.
Duh, what part of "$105 per barrel crude oil" doesn't the LA Times understand?
As the summer travel season approaches, airline industry experts predict that soaring fuel prices and a sharp pickup in passenger demand will push airfares up 15% over a year earlier.
I understand the first part of this, but the second item has me baffled. Where is this increased demand coming from? Everyone I know is hunkering down (both personally and in business) and avoiding travel as much as possible. A couple of flights I took last year for business were packed to the roof, but that was mainly because the airlines had scaled back on their scheduled flights and reduced their capacity substantially.
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